Our politicians have placed any number of barriers in the way of prosperity, and one of the most costly has been the Dodd-Frank financial reforms (DF). Congress passed this 2,300-page law in 2010. It has since spawned a massive new regulatory environment with an impact reaching far beyond the nation’s $1.1 trillion financial services industry.
Sean Gabb of the Libertarian Alliance in the UK has produced an excellent essay dismantling the British government’s announced plans to cap the interest rates on personal loans. “Loan sharking” strikes[…]