Unsafe at Any Price?

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Professor Mann, in his Response, Unsafe at any Price?, questions Bar-Gill and Warren’s “link between the imperfection of consumer credit markets and the policy response of a government agency with a broad and general mandate to eliminate ‘unsafe’ products.” His primary concern is that a broadly powered federal agency may not, “in the long run, effectively advance the interests of consumers.” In order to address the market imperfections described by Bar-Gill and Warren, Mann argues that such an agency would need more than broad power and a vague statutory mandate to avoid the dangers of ineffective response.

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