Like many of us at CEI, it looks like my former boss Phil Gramm isn’t interested in helping anybody pretend that today’s financial crisis was caused by “deregulation.”
Money and credit in the U.S. have, of course, been tweaked, folded, sqeezed and re-tweaked by a central bank—the Federal Reserve—for almost a century. On top of that, if cable news and talk radio are any indication, few seem to be forgetting that the collapse is largely rooted in a failure of welfare-statism—the…
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