CNBC cites attorney Devin Watkins on President Joe Biden’s choice of Rohit Chopra to run the Consumer Financial Protection Bureau:
“Rohit Chopra’s push while at the FTC to expand penalties against for-profit schools, franchises, Facebook, and gig economy companies was the wrong way to go,” said Competitive Enterprise Institute attorney Devin Watkins.
Fred Smith is the animating spirit at the Competitive Enterprise Institute. Fred conceived of the idea for an organization that would, in his words, “find a more positive answer to the challenge Joseph Schumpeter laid down in his essay, “Can Capitalism Survive?” He founded the organization and served as president for nearly three decades.
He died at the age of 83 at home in Maryland where he is survived by his beloved wife Fran. Fred was a friend and mentor, an advocate and ally, and an inspiration. His bright light lives on in our work.
Fred Lee Smith
December 26, 1940 – November 23, 2024