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