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Those Who Forget the Regulatory Successes of the Past…End Up Like Japan
Monday, August 23, 2010 - 12:24am | 969My first column showed why the theoclassical attack on regulation is the leading reason why we suffer recurrent, intensifying financial crises. This column explains why the attack on regulation impairs our recovery from these crises by contrasting two polar cases: the U.S. response to the S&L...