The recent fall of major banks in the United States and the need for federal intervention reignited discussions to identify the most effective ways to safeguard the crumbling economies.
Comparing the episode to the financial crisis of 2008, prominent economist Peter Schiff found that increasing banking regulations contribute to the worsening economic crisis.
The 2008 financial crisis was primarily driven by the collapse of the housing market.
However, Schiff believed the crisis was caused by “too much government regulation.”
He added: “But one reason we had the 2008 Financial crisis was too much Govt.
Source: Cointelegraph