Free Enterprise: Recruiting the 'New Entrepreneurs'
American Enterprise Institute - American Enterprise Institute
In May 2010, financier Cliff Asness said in The Wall Street Journal that the Dodd-Frank Act was "perfectly designed to create the largest and most powerful crony system in history. It's not that the people, regulator or regulated, are personally corrupt. It's that the system will itself select for, reward and enforce corruption."Was this prediction overblown, or far too prescient? Are new financial regulations encouraging responsible behavior, or are firms simply cozying up to Washington? And how should a principled, free-market financier interact with decision makers in Washington?At this event, Arthur Brooks and Cliff Asness will discuss the consequences of Dodd-Frank and the state of competition in America's financial markets.