The Myth & Meme Surrounding Glass-Steagall
Posted By Don Boudreaux On May 22, 2012 @ 8:39 pm In Myths and Fallacies,Politics,Regulation,The Crisis | Comments Disabled
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 [1]. Matt explains also how opportunistic politicians (pardon the pleonasm) nevertheless fuel and employ this myth for their own purposes.
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[1] 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: http://reason.com/blog/2012/05/22/ny-times-columnist-glass-steagall-wouldn
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