Warning: A New, Awful Response To Our Economic Problems Is Coming — And It’s Led By Elizabeth Warren

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Senator Elizabeth Warren (D–MA) and a horde of other politicians, pundits, policymakers and economists are crying out for more regulation in the aftermath of two big bank failures and the resultant distress here and around the world. This episode of What’s Ahead lays out why the panicky reaction for more stringency is misguided.

The experiences of after-the-disaster responses in this century should serve as a stern caution. Two signal pieces of legislation emerging from previous major economic crises—the Sarbanes-Oxley Act (2002) and the Dodd-Frank Act (2010)—made things worse, not better.

Regulators are gaining more power over the financial system and are starting to determine who gets credit and who doesn’t. If unchecked, this doesn’t bode well for the future.

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