Macro Musings with David Beckworth cover image

Brian Knight on the Politicization of Finance

Macro Musings with David Beckworth

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Are Our Financial Regulators Too Political?

i think what we're seeing now is a combination of enhanced politicization and enhanced gridlock. People can't get the rules or laws they want through the traditional legislative process because it's just too gridlocked. And here are all these financial regulators who, to varying degrees, kind of reflect the mind set of the early twentieth century progressive movement. We do have this very broad authority from congress. It's probably not as broad as they think it is.

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