Banks used to help companies of all sectors and sizes, but the new Wall Street favors regulatory overreach, costly litigation, and financial volatility that paralyze Main Street and Silicon Valley. The transformation of American banking and finance arose from a regime of excessive financial regulation, which in turn has roots in the government’s manipulation of money.
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George F. Gilder is a Senior Fellow at the Discovery Institute, and a founding Member of the Board of Advisors for the Independent Institute.
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