Carten Cordell on How Dodd-Frank Could Trigger a New Financial Crisis


In the wake of the fiscal crisis of 2008, lawmakers in Washington rushed to craft legislation to curtail risky practices at the center of the financial collapse. The product was the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, a massive slate of regulations that expanded the role of government to police everything from debit card purchases to insurance. But as Carten Cordell reports, a new book from two economists at the Mercatus Center at George Mason University convincingly argues that the ongoing complexity and reach of Dodd-Frank may be planting the seeds for another collapse.