Monday, March 04, 2013
Deregulatory Wayback Machine
Capitol Square, Madison, 1976. Deregulation was big that year -- deregulation, "unshakled" free enterprise, was going to solve everything from airline ticket prices to banking reform. Reaganism was picking up steam with the California governor's unsuccessful run against Gerald Ford. Although Carter won that year, Reganism was on a roll and triumphed four years later. Three decades of laissez faire capitalist excesses have brought us to where we are today. Probably time for some shackling again, especially on Wall Street.