and its supposed financial consequences is 'bad' for the economy unless you can quantify that the economic losses incurred stemming from deregulations are greater than the economic gains that can be attributed to deregulation. Assuming that degregulation in the mortgage/investment banking industry resulted in the collapse of numerous banks and layoffs, did these headline grabbing losses negate all the economic gains that may have stemed from the degeulation?
Good point. No one has stepped up to the plate with any figures on the benefits. I am sure there were plenty.