I interview Jennifer Schulp, director of financial regulation studies at the Cato Institute’s Center for Monetary and Financial Alternatives. She focuses on the regulation of securities and capital markets. She has testified before Congress multiple times, including before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, the U.S. House Committee on Financial Services, and the Committee on House Administration.

We discuss regulatory land grabs and mission creep, why ESG is terrible branding, crypto as a store of value for electricity, fractional reserve banking, payment for order flow, and how to protect investors from themselves. This is a wide-ranging conversation with a true expert in the field. Highly recommended.