Unbridled Regulation Sets Stage For Another 2008

Hester Peirce & Abby McCloskey, Real Clear Markets, May 21, 2014

"Want more accountability of Wall Street? Start with their regulators. Financial regulators are rewriting the rules of finance with little to no consideration about how their actions will impact the economy. The result is unnecessary and potentially serious costs on consumers, investors, and economic growth.

A Mobility Agenda for the Right

Aparna Mathur & Abby McCloskey, National Review Online, March 20, 2014

"It’s no secret that opportunity in the U.S. is staggeringly low. Studies suggest that mobility is lower in America than in other developed countries, and according to the Pew Charitable Trusts 70 percent of children born into poverty here will not make it to the middle class. Contrary to popular belief, mobility hasn’t actually gotten worse over the last several decades, according to a recent paper by Harvard economist Raj Chetty and his colleagues — but that’s hardly any consolation.

Minimum Wage, Minimal Benefits

Abby McCloskey, National Review, January 16, 2014

"But it’s far from widely agreed that the minimum wage is a good policy tool. Opponents believe that higher mandated wages will cause employers to fire some workers, or not hire additional ones. Proponents argue that these disemployment effects are small. But this debate misses the key point: Even if the minimum wage works as its advocates claim, it is a highly ineffective anti-poverty tool."

Only Congress thinks Main Street banks are ‘too big to fail'

Abby McCloskey, American Banker, August 6, 2013

"No one is shedding tears over banks being designated systemically important under Dodd-Frank, but they should. Most designees had nothing to do with the financial crisis and don't pose a threat to economic stability, but they're subject to the full brunt of Dodd-Frank's rules.

The result? There's less competition and supervision for banks widely regarded as "too big to fail" – the exact opposite of what policymakers intended."

Dodd-Frank's Costs Will Be Paid For By Low-Income Bank Customers

Abby McCloskey, Forbes, September 26, 2013

"Low-income people, young people, and minorities have seen a dramatic drop in the financial products and services available to them since the crisis.  Nearly one million people were shut out of mainstream banking completely from 2009 to 2011, according to the Federal Deposit Insurance Corporation.

If The President Really Wanted Maternity Leave, He'd Pay For It

Abby McCloskey, Forbes.com, January 27, 2015

"The government should not be in the business of telling companies what level of pay and benefits to provide. Because the level of skill, time worked at a company, a company’s tight budget, or various other reasons, it may be infeasible for a company to offer pay or time off for an extended period of time without receiving something in return. This is why government mandates tend to be accompanied by folks losing their jobs or receiving lower wages, especially those who are low-skilled.

If Americans believe that paid maternity leave is a public good – a point open for debate – then it should be structured as a public benefit."