Tuesday, December 9, 2008

Is Deregulation to Blame?

You might not be able to tell by looking at it on the page, but deregulation has become a four-letter word in Washington. In October’s vice presidential debate, Sen. Joe Biden (D-Del.) practically spat it out: “If you need any more proof positive of how bad the economic theories have been, this excessive deregulation, the failure to oversee what was going on, letting Wall Street run wild, I don’t think you needed any more evidence than what you see now.”

Deregulation? What deregulation?

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