Is the era of deregulation over? Both sides of the aisle see more regulations ahead, says the New York Times.
From an article in the LA Times, here's a fascinating quote from an anti-government guy who wants to see more regulation:
Ian Bagley thinks he pays too many taxes, says welfare rolls need to be reduced and believes the private sector usually does a better job than the public sector. But after watching the housing market collapse and the stock market tank, the civil engineer from Kenosha, Wis., now believes there is not enough government regulation of the economy. A new Los Angeles Times/Bloomberg national poll shows Bagley is far from alone.So is it unanimous? What is the future of deregulation?
Well, there is still the Bush administration's push to deregulate some things before the door hits them on their way out of town.
According to the White House, they're just doing the job they were elected to do. Tweet
1 comment:
It's hard to make a blanket statement like "more regulation" without mentioning what sort of things require more or less regulation. Because the financial system requires more government oversight, it does not mean that all areas of the economy do. Different problems require different solutions and may call for different levels of government intervention. If Bush, for example, was planning bank deregulation, that would seem stupid given the diagnosis of the current economic problems that the U.S. is facing. But he's actually talking about other things (oceans, farms, mining etc...), which need to be considered separately.
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