Consumer Protection Can Lead to Moral Hazard

By Jennifer Moreale
Barack Obama proclaimed March 7th-March 13th to be the National Consumer Protection Week. Supporting the creation of an independent Consumer Financial Protection Agency, Obama said: “[…] our Government must do more to stand up for consumers. From excessive bank account overdraft fees to abusive mortgage lending practices, our broken financial system produces profits at the...

TAGS: Barack Obama, Cato Institute, Consumer Financial Protection Agency, FDIC, Free Market, George Selgin, John Tammy, Loyola Economics Club, Mark Calabria, National Consumer Protection Week, RealClearMarkets