Economics, Regulation

Regulation Got Us Into This Mess, Can It Get Us Out?

In order to get policy right going forward, the historical narrative must be accurate. It will not help to airbrush out of history the role that regulatory policy played in setting up the crisis.

That is from Arnold Kling’s important new paper “Not What They Had in Mind: A History of the Policies that Produced the Financial Crisis of 2008.” Arnold gave a sample of his thoughts on this topic here. There is no substitute to getting the story right.

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