The Myth & Meme Surrounding Glass-Steagall

by Don Boudreaux on May 22, 2012

in Myths and Fallacies, Politics, Regulation, The Crisis

Reason’s Matt Welch – with help from the New York Times‘s Andrew Ross Sorkin (and some additional links) – explains why Glass-Steagall’s repeal cannot reasonably be said to have caused or deepened the 2008 financial meltdown. ¬†Matt explains also how opportunistic politicians (pardon the pleonasm) nevertheless fuel and employ this myth for their own purposes.

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