Many economists are advocating for regulation that would make banking “boring” and uncompetitive once again. After a crisis, it is not uncommon to hear calls to limit competition. During the Great Depression, the head of the United States National Recovery Administration argued that employers were being forced to lay off workers as a result of “the murderous doctrine of savage and wolfish competition, [of] dog-eat-dog and devil take the hindmost.”

Read more at http://www.project-syndicate.org/commentary/monopoly--competition--and-innovation-by-raghuram-rajan#yPMo4xEV2zzsUkRr.99