2E: Your claim on deregulation is rather misguided. During his presidency, George W. Bush pushed for (and got) the Securities & Exchange Commission's largest budget increases in its history. He also signed off on new legislation that allowed for expanded federal oversight with regards to allegations of corporate fraud. If anything, Bush was a supporter of increased regulations in the financial and securities industries.
"With this deregulation banks, mortgage companies, and investment companies took more risks, and eventually they failed in response to the risk, bringing the market down with them." --> Can you cite sources?
I don't think it's too much of a leap to conclude that you are mixing up economic theory with political handwringing. Maybe you should do some research to see what types of implicit guarantees that the government made to private companies and quasi-public companies that helped bring on the mortgage crisis before blaming it on "deregulation."
Libertarians wouldn't necessarily conclude that regulation as a whole is a bad thing, just that we have enough as it is already. More government is not the solution to libertarians. Libertarians would argue that government interference, whether through implicit or explicit guarantees is more of an issue than regulation itself.
Editor's Note: Joe Hunt is a columnist for The Daily.
Posted on April 8 at 7:56 p.m.Suggest removal
2E:
Your claim on deregulation is rather misguided. During his presidency, George W. Bush pushed for (and got) the Securities & Exchange Commission's largest budget increases in its history. He also signed off on new legislation that allowed for expanded federal oversight with regards to allegations of corporate fraud. If anything, Bush was a supporter of increased regulations in the financial and securities industries.
"With this deregulation banks, mortgage companies, and investment companies took more risks, and eventually they failed in response to the risk, bringing the market down with them." --> Can you cite sources?
I don't think it's too much of a leap to conclude that you are mixing up economic theory with political handwringing. Maybe you should do some research to see what types of implicit guarantees that the government made to private companies and quasi-public companies that helped bring on the mortgage crisis before blaming it on "deregulation."
Libertarians wouldn't necessarily conclude that regulation as a whole is a bad thing, just that we have enough as it is already. More government is not the solution to libertarians. Libertarians would argue that government interference, whether through implicit or explicit guarantees is more of an issue than regulation itself.
Editor's Note: Joe Hunt is a columnist for The Daily.
On