Monk

♠
Paul Krugman, the Republicans' favorite economist, uses the crisis in the mortgage industry as a moral example that there really is a sort of diminishing returns when it comes to deregulation. It's just like the way we need traffic laws with stop signs and lights and markers. Of course, regulating the finance industries presumably isn't as straightforward as regulating traffic and is accordingly much more political, but merely nominal regulation is no answer.

( Krugman )

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