The EU data treatment consent reform must consider market incentives.
The European Commission proposes reforming consent for personal data processing in the EU, simplifying online consent management and reducing situations requiring it. Although it could alleviate user fatigue, it must be avoided that companies abuse it and ensure data protection.
Testimony by Donald Kohn on Interest Rates for Bank Reserves at the Federal Reserve
Donald Kohn promoted interest payments on bank reserves at the Federal Reserve, arguing that not doing so was a hidden tax on banks. In 2006, Congress authorized interest payments, which were implemented in 2008 to stabilize the economy after the financial crisis. Kohn noted that paying interest on reserves benefits financial stability and helps the Federal Reserve to meet its monetary objectives.