[[{“value”:”…it’s notable that if you look at the major deregulator measures of the past four years, it mostly happened under Jimmy Carter (Natural Gas Policy Act of 1978, Airline Deregulation Act of 1978, Motor Carrier Act of 1980, Depository Institutions Deregulation and Monetary Control Act of 1980) or Bill Clinton (Interstate Banking and Branching Efficiency
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…it’s notable that if you look at the major deregulator measures of the past four years, it mostly happened under Jimmy Carter (Natural Gas Policy Act of 1978, Airline Deregulation Act of 1978, Motor Carrier Act of 1980, Depository Institutions Deregulation and Monetary Control Act of 1980) or Bill Clinton (Interstate Banking and Branching Efficiency Act of 1994, Telecommunications Act of 1996, Graham-Leach-Bliley Act of 1999) rather than Reagan. What Reagan did was cut taxes, staff the agencies with business-friendly appointees, and build the power of the conservative legal movement. Similarly, George W. Bush cut taxes, staffed the agencies with business-friendly appointees, and built the power of the conservative legal movement. Donald Trump, who in some ways represented a conceptual break with the Reagan-Bush political tradition, also cut taxes, staffed the agencies with business-friendly appointees, and built the power of the conservative legal movement.
That’s what Republican presidents do. Deregulatory efforts tend to happen when market-oriented thinkers persuade some prominent Democrats that they’re right about something, and then bipartisan deals get made. Also note that there’s something funny about the extent to which Carter has become retroactively famous for legalizing home brewing rather than, say, the natural gas thing, which legitimately transformed the national and global economy.
Here is the whole post (gated), with other interesting points as well.
The post Matt Yglesias on regulation and deregulation appeared first on Marginal REVOLUTION.
Law, Political Science, Uncategorized
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