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The Implications of Dodd-Frank

This weeks EconTalk episode highlights some interesting facts about regulation and the current regulatory landscape. The excerpt below is by Lee Ohanian, professor of economics at UCLA and senior fellow at the Hoover Institution, and pertains to the Dodd-Frank legislation: “Now, some of the regulations we see today, in my view, are perhaps even more inefficient than ones we’ve seen in previous years. There’s Dodd-Frank in the financial sector, which is unique piece of legislation. It doesn’t provide rules directed at individual’s [or] organizations, which is the intent of the legislation. Rather it is a directive for bureaucrats to create

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