Too often in policy debates around investing, the financial service community paints the national government as working against it. Complaints that the government is
seeking to curtail innovation or to limit the access investors have to certain tools and investing vehicles abound. Both government and industry claim to be on the side of the investor--and yet seem to do so at each other's throats. A new paper by Aron Szapiro, our head of policy research, explains why that doesn’t need to be the case.
For decades, the U.S. government has actively encouraged investing. It has used three primary tools: