By Jason Foster. February 11, 2022. (Substack)
Healthy financial markets need clarity and transparency to function properly. Financial regulators are supposed write clear rules so that markets can operate on a level playing field. Instead, they sometimes make arbitrary enforcement decisions that look unfair and undermine public confidence in their integrity.
Among the safeguards against the kind of government overreach that distorts markets and hinders innovation, the Freedom of Information Act (FOIA) is a vital tool for Americans to enforce transparency and accountability on the government—but it takes a lot of persistence to make FOIA work the way it should.