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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