Economist Gordon Tullock (1922-2014) once quipped that there was an easy way to create safer conditions on American roads: rather than install seatbelts and air bags, attach a rather sharp, driver-facing spear to the steering wheel of each automobile. Tullock’s famous quip comes to mind as the Consumer Financial Protection Bureau (CFPB) continues in its ongoing efforts to abolish financial scams that its bureaucrats apparently lack the skills to rid society of on their own.
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