July 24, 2015
Quote of the Day
I think there is exactly one politician who has never let me down. Sen. Phil Gramm (HOSS TX) has an awesome editorial in the WSJ today on Dodd-Frank:
Dodd-Frank's Volcker rule prohibits proprietary trading by banks. And yet, despite years of delay and hundreds of pages of new rules, no one knows what the rule requires--not even Paul Volcker.
Most criticism of Dodd-Frank focuses on its massive regulatory burden, but its most costly and dangerous effects are the uncertainty and arbitrary power it has created by the destruction of the rule of law. This shackles economic growth but more important, it imperils our freedom.Quote of the Day Posted by John Kranz at July 24, 2015 11:48 AM