The 2008 financial crisis is an obvious example of a poorly functioning financial sector—but not because financial markets were deregulated in the 1990s. In fact, the primary causes of the 2008 crisis were excessive government regulation, over-involvement, and poor monetary policy. Financial firms funded too much unsustainable activity largely because […]
regulation
As regulators circle cryptocurrency, acting Comptroller of the Forex Michael Hsu warned that the U.S. could be heading for a new economic crisis if oversight about the market isn’t tightened. “If the crypto marketplace does not evolve or is much more responsible, then we will be headed” for a prospective […]