Wall Street Journal headline: "France Credits Deregulation for Cushioning Its Economy". Article here for subscribers.
The truth is obviously more complicated than that, and France's economy appears to be decaying just as everyone else's is, but that headline still gives me a chuckle. It's worth keeping in mind when you hear that the days of capitalism are over and gone: the story of this crisis is still being written, and the nature of the causes will be debated for decades. In any case, two things are almost certainly true: so far the crisis has not necessarily been milder for more regulated economies, and there is plenty of blame to be shared by government regulators and market "self-regulators".
IPE @ UNC
IPE@UNC is a group blog maintained by faculty and graduate students in the Department of Political Science at the University of North Carolina at Chapel Hill. The opinions expressed on these pages are our own, and have nothing to do with UNC.
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Thursday, December 18, 2008
Isn't It Ironic?
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