Widely criticized by consumer groups, the misunderstood credit bureau has helped consumers by fostering trust between strangers. Privacy advocates should note that credit bureaus promote social accountability far more discretely than do the media and the legal system.

Daniel B. Klein is a Research Fellow at the Independent Institute and Professor of Economics at George Mason University.
Business and EntrepreneurshipCivil Liberties and Human RightsCivil RightsEconomyFree Market EconomicsLaw and LibertyPrivacy
Other Independent Review articles by Daniel B. Klein
Spring 2023 Instilling Duties above Instilling Rights: Two Features of Adam Smith’s Talk of Justice and Liberty
Summer 2020 Adam Smith’s Rebuke of the Slave Trade, 1759
Winter 2017/18 The Joys of Yiddish and Economics
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