The Origin of the Second Gilded Age
The whole point of changing the teaching of economics was to make it acceptable to trash the regulations that had been put in place during the New Deal to prevent another Great Depression. And as would become readily apparent, these regulations had been put in place to address real needs. Well written and administered regulations lead to more scientifically advanced and prosperous societies because regulations protect and permit honest entrepreneurs to thrive. The more complex the society, the more of these honest people it takes to keep all the parts working. Take away the rules and the cheaters will drive out the honest operators. The only historical outcome of "deregulation" is a rise in corruption of all forms and a destruction of industrial potential. Pretty much describes the past 46 years, huh? Deregulation in all its forms has been an ongoing project. There are literally countless examples. This is just my list. I have also created a separate category for the decri...