The Dodd-Frank Act was passed by Congress in 2010 as a response to the 2007-2008 financial crisis. Its main goal was to make the banking system safer. Many people suggested that Dodd-Frank would harm small businesses. A new study by Michael Bordo and John Duca for the National Bureau of Economic Research (NBER) seems to confirm … Continue reading Study finds Dodd-Frank harmed small business
Some readers probably think I exaggerate the risk of government power when I warn against Big Government. Maybe I do. But it’s probably also true that many people don’t realize the extent of government control in their lives. To illustrate what government can do, let’s zoom in and examine a brief history of one thing: … Continue reading Beer: an illustration of government control
I’m writing about ‘net neutrality’ this week because someone asked me to, and because it’s a hot topic. However, I admit up-front that I am no tech expert. With that caveat, let’s look at what’s going on. Background The internet started to become a big thing in the mid-1990s. The internet market was quite free … Continue reading Is net neutrality good or bad?
One reason that people support larger government is because they assume government rules and programs will accomplish their stated goals. However, this rosy view is often not supported by reality. Let’s look at an interesting example that was in the news recently. The background A May 19th Wall Street Journal article points out that certain ritzy … Continue reading Crazy example of banks twisting the rules