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b'Norbert Michel is the director of the Center for Data Analysis at the Heritage Foundation. Today, Norbert joins the show to discuss a new book of collected essays, which he edited, titled *Prosperity Unleashed: Smarter Financial Regulation.* Norbert pushes back against the narrative that deregulation caused the 2008 financial crisis and argues that excessive regulation hinders growth and actually makes the financial system less safe. He and David discuss policy recommendations made in the book, including reforming the Federal Reserve\\u2019s last-resort lending practices, converting the Consumer Financial Protection Bureau (CFPB) into a commission, and more. David\\u2019s blog: macromarketmusings.blogspot.com/ Macro Musings podcast site: macromusings.com David\\u2019s Twitter: @DavidBeckworth Norbert Michel\\u2019s Heritage profile: http://www.heritage.org/staff/norbert-michel Norbert Michel\\u2019s Twitter: @norbertjmichel Related links: *Prosperity Unleashed: Smarter Financial Regulation* edited by Norbert J. Michel http://www.heritage.org/prosperity-unleashed \\u201cReforming Last-Resort Lending: The Flexible Open-Market Alternative\\u201d by George Selgin http://www.heritage.org/markets-and-finance/report/reforming-last-resort-lending-the-flexible-open-market-alternative \\u201cReforming the Financial Regulators\\u201d by Mark Calabria, Norbert Michel, and Hester Peirce http://www.heritage.org/markets-and-finance/report/reforming-the-financial-regulators \\u201cMoney and Banking Provisions in the Financial CHOICE Act: A Major Step in the Right Direction\\u201d by Norbert Michel http://www.heritage.org/markets-and-finance/report/money-and-banking-provisions-the-financial-choice-act-major-step-the'