Friday Interview: New Rules More About Control Than Protection

RALEIGH — Regulators in Washington, D.C., believe the federal government needs to play an active role in protecting American consumers’ finances. Adam Smith believes the regulators’ efforts lead to negative unintended consequences. Smith, assistant professor of economics and director of the Center for Free Market Studies at Johnson & Wales University, recently shared his concerns during a conversation with Mitch Kokai for Carolina Journal Radio.