Monday, June 06, 2011
Thinking About Singapore
Austan Goolsbee is leaving the White House position.
I think it is a fair argument that our current angst can be traced to banking deregulation in the 90s, which is was a bipartisan fuckup, but always a goal of the Clinton administration also. But maybe he did not want to say that.
Reagan lived through the Depression - he would not have been dumb enough to do it.
Some of the financial de-reg was done at the end of Regan's term although most of it was to deal with the fallout of S&L's dying from the escalating interest rates. More financial de-reg happened during Clinton's time.
The change I have the most problem with was the demutualization of insurance companies and that was during Nixon's time.
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