All Commentary
Wednesday, March 3, 2010

Fed Likely to Get New Regulatory Powers After All

“Some lawmakers who set out to improve financial regulation by stripping the Fed of its powers are moving toward the grudging conclusion that the Fed should hold even more power.” (Washington Post, Wednesday)

It’s not who has the power but whether it should exist at all.

FEE Timely Classic
“The Pretense of Regulatory Knowledge” by Sheldon Richman