Regulation Q(uestionable)
Posted in Competition, Financial Institutions, Price System, You Can't Have it Both Ways on Mar 3rd, 2009
FDR and his Administration aggressively promoted the passage of the bill that included Regulation Q. In general, this regulation put a limit on the interest rates that banks could pay on deposit accounts (to zero percent). Why would the government enforce such a regulation? Because the omniscient planners thought that they could direct resources in […]
