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A slew of financial crises that stretch all the way back to the banking Panic of 1907 have been exploited to justify erecting a financial regulatory system that has vastly centralized and expanded federal power over our money.
The irony is that these crises were largely caused, or at least exacerbated, by poorly designed government regulations.
What we have now is an unholy alliance of regulators, mega banks and entrenched special interests who are the chief beneficiaries our system of opaque and complex financial regulation. Adding to this mix is the progressive Left who are now using our financial system to push its DEI and climate change agendas.
Joining me on this episode to explore some of what should be our main concerns and to point the way to solutions are Chris Iacovella, the president of the American Securities Association and Norbert Michel, the director of Cato Institute's Center for Monetary and Financial Alternatives. Both are deep subject matter experts who know their way around most every nook and cranny of the deep regulatory state.
Read More:
https://billwalton.substack.com/p/financial-regulation-boring-or-terrifying?sd=pf
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