Inflation is at 9.1%. Two consecutive quarters of gross domestic product contraction have plunged us into a recession. Stocks are in a bear market. And Gary Gensler makes things worse.
The chairman of the Securities and Exchange Commission is trying to enact dozens of new rules that would make our economic problems worse by raising costs for job creators, reducing the value of Americans’ investments and retirement savings, and weakening our financial system. The good news: Congress has the power to stop them.