We can go farther than that. There isn't a single shred of evidence that any banking deregulation contributed to the financial crisis in anyway. On the contrary, the fallout from the collapse was severely diminished by permitting holding companies to simultaneously proprietary desks with hundreds of billions on the asset ledge with commercial banks posting net worths in the $1-2 trillion range. Nor can we point to derivative deregulation, which simply never happened.
I'm pretty sure that's one of the most awkward problems in economics period.One of the most awkward problems of democracy is coming up with - and following - good long term economic policies...
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