Regulation is Big Bikkies

It is often said that deregulation, especially during the last eight years, is one of the central causes of the financial crisis.... In fact, during the last eight years, federal spending on regulation in the category of finance and banking has gone up notably. This trend is similar to the one we have seen in the last 50 years.

Overall, it is hard to argue that deregulation of the financial services industry was rampant in Washington when the spending on finance and banking regulatory agencies kept growing so fast.

Veronique de Rugy at the American.