Dodd-Frank: The Good, The Bad, and The Ugly


The 2008 financial crisis left many people with no homes, jobs, or way of life.  It affected the economy more significantly than any crisis since the Great Depression.  Dodd-Frank was created in response to this catastrophe to assure that it would never happen again.  The law imposes regulation in nearly every aspect of the financial industry, covering investment and commercial banks, insurance companies, rating agencies, hedge funds, and many others.  With the implementation of Dodd-Frank, we must consider the costs and benefits of such a bill.  If there is too much regulation on  banks, for example, they will be less likely to lend, decreasing liquidity in our economy and leading to a lack of economic growth or even a recession. Continue reading

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Whats better than a Government Shutdown for Libertarians?


Did libertarians enjoy the reduction of the government’s influence during the shutdown?

According to Scott Shackford, no.

Last week, the columnist for the libertarian magazine, Reason.com, wrote an article titled, “The Government Shutdown and Our Permission Society: Many private harms caused by the government shutdown are due to its own insistence on meddling in our lives.” Its clear to see that many private enterprises are negatively affected by the shutdown. According to Scott Shackford, the adverse affects on private commerce during the shutdown demonstrate the dangers of too much bureaucracy.  Continue reading