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Regulation

Commentary

The Price We All Pay When Corporations Dodge Criminal Charges

Ellen Podgor
Corporations can sidestep prosecution by cooperating with the government and offering up employees to avoid their own criminal liability. Ellen S. Podgor discusses two prominent reasons why the current approach to corporate criminality is inefficient.
Commentary

Dismantling Transnational Anti-Corruption Framework Is Dangerous and Costly

Gary Kalman
Gary Kalman writes that actions under the second Trump administration to dismantle recent anti-corruption initiatives, including those pioneered during the first Trump administration, will cost dearly the American and global economy and enable many of the nefarious actors President Trump has publicly admonished.
Commentary

Is Cryptocurrency a Racket?

Jed S. Rakoff
Judge Jed S. Rakoff of the United States District Court for the Southern District of New York reflects on the history of cryptocurrency and his experience adjudicating criminal cases involving it.
Book Excerpts

Antimonopoly Banking After the New Deal

Peter Conti-Brown
The following is an excerpt from "Private Finance, Public Power: A History of Bank Supervision in America" by Peter Conti-Brown and Sean H. Vanatta, now out at Princeton University Press. 
Book Reviews

Is the US Bankruptcy System Morally Bankrupt?

Anat Admati
Anat R. Admati reviews Unjust Debts: How Our Bankruptcy System Makes America More Unequal (2024) by Melissa B. Jacoby.
Commentary

Financial Regulators Must Pursue a Multidisciplinary Approach to New Technology

Claudia Biancotti
Crypto assets and social media are changing how finance operates. Uncertainty around the future of AI is affecting financial markets. Claudia Biancotti argues that regulators must expand their range of expertise and pursue a multidisciplinary approach to protecting society against the potential negative spillovers from these developments.
Commentary

The House Budget Bill Is One Big Beautiful Boon for Code Cartels

Meher Sethi
Meher Sethi argues that a little-noticed provision in the federal budget recently passed by the House will gut state laws protecting consumers from algorithmic price-fixing.
Commentary

How Media Concentration in the Age of Radio Prefigured Today’s Big Tech Debate

Richard R. John
In the 1930s, staffers at the newly established Federal Communications Commission devised a novel rationale for limiting network power in radio, telephony, and the press. While much has changed since the “age of radio,” the concerns they raised inform the present-day debate over the control that social media platforms exert over public discourse, writes Richard R. John.
Commentary

Don’t Dismantle America’s Audit Regulator—It’s a Strategic Asset Against China

Karthik Ramanna
Congress is considering eliminating the Public Company Accounting Oversight Board, the independent federal agency that “audits the auditors.” Karthik Ramanna and Nemit Shroff write...
Book Excerpts

China’s Regulatory Balancing Act

Angela Zhang
The following is an excerpt from Angela Zhang's recent book, High Wire, out at Oxford University Press. Please join the Stigler Center on April 3 at 6:30-7:30 pm CT for a conversation with Zhang, where she'll discuss High Wire with Financial Times' China Technology Correspondent Eleanor Olcott. You can register for the livestream of the event here.
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