Regulatory Burden and Economic Growth
Russ and Tyler discuss the regulatory burden faced by businesses, with a focus on the financial sector and banking. They explore the Bootlegger and Baptist argument, where firms support regulations to benefit themselves at the expense of smaller competitors. Tyler shares insights from Mercadis' database of regulations, highlighting the increasing regulation in longstanding sectors and the lack of regulation in newer sectors like information technology. They also discuss the impact of regulations on economic growth and the lack of new banks since Dodd Frank.In this clip
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