Carten Cordell on How Dodd-Frank Could Trigger a New Financial Crisis
In the wake of the fiscal crisis of 2008,
lawmakers in Washington rushed to craft legislation to curtail
risky practices at the center of the financial collapse. The
product was the 2010Â Dodd-Frank Wall Street Reform and
Consumer Protection Act, a massive slate of regulations that
expanded the role of government to police everything from debit
card purchases to insurance. But as Carten Cordell reports, a new
book from two economists at the Mercatus Center at George Mason
University convincingly argues that the ongoing complexity and
reach of Dodd-Frank may be planting the seeds for another
collapse.