Stripping away government regulation of banking would help both consumers and businesses. Consumers would be able to obtain a mix of financial services tailored to their individual needs for less cost and with greater security than is currently the case. Businesses could more easily acquire loans, insurance, and capital, all necessary for operating in a more competitive and integrated world economy.

But those benefits will only be realized if government steps aside and allows banks and customers to manage their own affairs. Financial institutions in other countries often are freer than those in America, putting many foreign firms at a competitive advantage over American ones. It is time to establish a level playing field by removing counterproductive regulation of American banks.

More on Financial Regulation

Commentary

Shining a Light on the Cause of the Great Recession

By Richard W. Rahn. Washington Times. February 9, 2015.

Bank Capital Punishment and Other Nostrums

By Steve H. Hanke. Globe Asia. December 22, 2014.

The End of Dodd-Frank?

By Mark A. Calabria. Washington Times. November 13, 2014.

Cato Studies

How Are Small Banks Faring under Dodd-Frank?

By Hester Peirce, Ian Robinson, and Thomas Stratmann. Research Briefs in Economic Policy No. 20. February 18, 2015.

The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles

By Michael Krimminger and Mark A. Calabria. Working Paper No. 26. February 9, 2015.

The Resolution of Systematically Important Financial Institutions: Lessons from Fannie and Freddie

By Mark A. Calabria. Working Paper No. 25. January 13, 2015.

Articles

On the Political Possibility of Separating Banking and the State

Mark A. Calabria. The Journal of Private Enterprise. Vol. 29. No. 3. Fall 2014.

Would Consolidating Regulators Avoid the Next Crisis?

Mark A. Calabria. Lombard Street. Vol. 1. No. 16. November 15, 2009.

Public Filings

Draft Model Regulatory Framework for Digital Currency Regulatory Regimes

By Jim Harper. Public Comments. February 9, 2015.

Yates v. United States

By Bradley J. Bondi, Joseph J. Bial, Lex Urban, Christopher Jones, Ilya Shapiro, & Trevor Burrus. Legal Briefs. July 7, 2014.

WFC Holdings Corp. v. United States

By Matthew S. Hellman, Matthew S. McKenzie, R. Trent McCotter, & Ilya Shapiro. Legal Briefs. March 31, 2014.

Cato Reviews & Journals

Toward Free-Market Money

Policy Report. January/February 2015.

Working Papers

Peter Van Doren. Regulation. Fall 2014.

Putting the Securities Laws to the Test

Elisabeth de Fontenay. Regulation. Fall 2014.

Events

Renewing the Search for a Monetary Constitution: Reforming Government’s Role in the Monetary System

Featuring George Selgin. February 25, 2015. Book Forum.

The Libertarian State of the Union

Featuring Mark A. Calabria, Chris Edwards, Julian Sanchez, & Daniel J. Ikenson. February 6, 2015. Capitol Hill Briefing.

Financial Stability: Fraud, Confidence, and the Wealth of Nations

Featuring Mark A. Calabria. November 17, 2014. Book Forum.

Speeches

Money Misinterpreted and Misunderstood

By Steve H. Hanke. May 30, 2014.

Financial Regulation: Market or Government?

By Mark A. Calabria. February 13, 2013.