Tag: the myth of deregulation

Feb 08

The 37-page Glass-Steagall Act was replaced with a thousand pages of banking laws. This is “deregulation” in the world of Bernie Sanders.

“Deregulation” is one of the great phantoms of our time. Pro-government pundits and presidential candidates like Bernie Sanders repeatedly claim that private-sector influence in political elections has produced “deregulation” in American industries. Yet regulation is easy to measure. One can count pages, paragraphs, sections, enforcement budgets or actions, etc. There has been no deregulation anywhere, …

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