The Dodd-Frank Act, ostensibly passed to address causes of the financial crisis of 2007-2009, created government entities whose powers may be setting the stage for even worse problems with the financial system. With this Act, federal officials acquired vast, open-ended, easy-to-abuse powers, and they secured the Act's passage using tactics making it difficult for the public to comprehend, resist, or modify the bill. Even repeal of Dodd-Frank is made difficult by its statutory language.
Charlotte Twight is a Research Fellow at the Independent Institute and Professor of Economics at Boise State University.
Banking and FinanceBanking Law and RegulationEconomyLaw and Liberty
Other Independent Review articles by Charlotte Twight
Fall 2017 Passing the Affordable Care Act: Transaction Costs, Legerdemain, Acquisition of Control
Winter 2015/16 Through the Mist: American Liberty and Political Economy, 2065
Spring 2008 Sovereign Impunity
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