Co-Founder of Reaganomics: The economic mess … is the direct consequence of too much economic freedom … the direct consequence of financial deregulation.

November 23rd, 2011

The economic mess in which the United States and Europe find themselves and which has been exported to much of the rest of the world is the direct consequence of too much economic freedom. The excess freedom is the direct consequence of financial deregulation.

Paul Craig Roberts served as Assistant Secretary of Treasury in the Reagan White House — his claim to fame was being a co-founder of Reaganomics. Roberts is former editor for the Wall Street Journal, Business Week, and Scripps Howard News Service.

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via The Case for Regulation | The Big Picture.

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  1. Stephen R. Diamond
    December 1st, 2011 at 13:38 | #1
    Reply | Quote

    Isn’t Roberts somewhat discredited by his being a 9/11 truther?

    • Asymptosis
      December 1st, 2011 at 20:44 | #2
      Reply | Quote

      Well yeah. But the political direction of his insanity gives a certain ethical authority to his commentary…

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