"I will try to express myself in some mode of life or art as freely as I can and as wholly as I can, using for my defense the only arms I allow myself to use -- silence, exile, and cunning." -- James Joyce
Great Post from Matt Welch
Given that federal regulatory spending vastly increased during the Bush administration, how, exactly, was deregulation the problem causing the "Great Recession"? As Matt wisely notes, this does not mean that certain deregulations were not harmful, but it does make the overall thesis appear very weird.