Hester Peirce is a Senior Research Fellow at the Mercatus Center at George Mason University and director of Mercatus\u2019 Financial Markets Working Group. She joins the show to discuss the new Mercatus book, *Reframing Financial Regulation: Enhancing Stability and Protecting Consumers*, which she coedited. The book examines the problems with the United States\u2019 current financial regulation regime (including the Dodd-Frank Act) and offers alternative policies that rely less on a centralized regulation and more on market discipline. David\u2019s blog: http://macromarketmusings.blogspot.com/ Hester\u2019s Mercatus profile: https://www.mercatus.org/hester-peirce David\u2019s Twitter: @davidbeckworth Hester\u2019s Twitter: @HesterPeirce *Reframing Financial Regulation: Enhancing Stability and Protecting Consumers* edited by Hester Peirce and Benjamin Klutsey https://www.mercatus.org/publications/reframing-financial-regulation