Monday, June 01, 2009

Blame Reagan

Krugman makes a good argument this morning that Reagan-era de-regulation is to blame for the current financial meltdown.

His point makes sense to me, though I by no means claim to know anything about this stuff. But I think his piece is worth reading, if for no other reason than to put a historical perspective on this crisis.

Barack didn't do it. Georgie didn't even do it, though he certainly didn't help. This has been building through government action, corporate greed, and a slow changing in the way the typical American thinks of and uses money. We're all to blame, and we all need to help to fix it.

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