Deregulation

Blamestorming and “Deregulation caused the financial crisis” [Good Life series]

You’ve heard the claim: “Deregulation caused the crisis.” In the years leading up to 2008, the story goes, bad economists convinced bad politicians to deregulate the money/banking/finance sector of the economy, and bad capitalists then enjoyed an orgy of greed that caused the system to go haywire. Nobel-Prize-winners Joseph Stiglitz and Paul Krugman have signed […]

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