Diary

The Deregulation Shibboleth

You know, if more people don’t appreciate what Katherine Mangu-Ward–among others–has written debunking the idea that “excessive deregulation” was somehow responsible for the current financial crisis, we are going to have ourselves some seriously bad policymaking in the near future that is going to have some very nasty consequences in the long term.

Don’t say you weren’t warned. And incidentally, perhaps it is time that the President-elect, his incoming Administration and Congressional Democrats were warned that their demagoguery could bring about very negative real world results.