Articles
Tokenization Of Real-World Assets: A Market Taking Shape
Managing the profound change demands harnessing advantages, mitigating risks, and creating careful legislation.
October 21, 2026
Published: October 11, 2018
Regulatory capture occurs when regulatory agencies become dominated by the very industries they were charged with regulating, prompting regulators to advance the goals and interests of those industries. While regulation is necessary and can be done well, it must always be balanced against the potential for unintended consequences that harm the consumers it is intended to protect.
Discussion Questions
- What are some solutions to regulatory capture?
- What is the source behind regulatory capture?
- Is regulatory capture inevitable?
Additional Resources
- Read John B. Taylor’s blog on “Regulatory Capture and Reckless Endangerment,” available here.
- Read “Free the Captives” in which Gary S. Becker discusses regulatory capture, available here.
- In “A Comparison of Government Regulation of Risk in the Financial Services and Nuclear Power Industries,” John B. Taylor and Frank A. Wolak examine and compare the problem of safety and soundness regulation in two industries that have dominated the headlines in recent years—nuclear power and financial services. Available here.
Related
Videos
Why Lower Inflation Isn't Enough For Affordability
The Fed, inflation, and the economic case for long-term price stability.
October 20, 2026
Articles
United CEO’s Wealth Tax Would Hit His Own Shareholders
Scott Kirby wants a national wealth tax and inheritance taxes near 100%. Among those who would pay are the investors he ultimately works for.
October 20, 2026