New Cato Journal Features an Array of Articles on Urgent Monetary Matters

Amanda GriffithsThe Fall 2019 edition of theCato Journal, the Cato Institute ’s interdisciplinary journal of public policy, is now available online. Readers of Alt-M will find the articles on monetary and financial topics of special interest. Their topics range from financial inclusion, to macroprudential policy, to Modern Monetary Theory, to the politicization of the Fede ral Reserve, to European monetary policy. Here are links to the full-text articles–followed by a summary of each."Consumer Protection and Financial Inclusion"Drawn from remarks he delivered at the Cato Institute ’s Financial Inclusion Summit this past June, Brian Johnson’s article, "Consumer Protection and Financial Inclusion," explores the relationship between financial inclusion, consumer protection, and free-market innovation. At the same time, Johnson–currently Deputy Director at the Consumer Fina ncial Protection Bureau–draws a sharp contrast between promoting these ideals and "giving license to government actors to supplant consumer preferences with their own." Too often, he writes, regulators conflate the two: intervening in private markets, corrupting the principles of competition and c hoice, and jeopardizing consumers’ interests. While these sorts of regulations are "market-replacing," Johnson says, others can be market-enhancing. He identifies three approaches to consumer protection, the first two of which promote private choice and innovation, whereas the latter restricts the m. Th...
Source: Cato-at-liberty - Category: American Health Authors: Source Type: blogs