Things plod along for a while, then someone implements a plan that is called “de-regulation” It isn’t really deregulation. It just involves a different kind of regulation than we used to have. But they call it deregulation.
Then it fails miserably, at which point the regulators (who are strangely still regulating even though we have been “deregulated”) demand that they get all their power back becase “deregulation” failed.
A prominent example of this was electrical utility “deregulation” in CA several years ago. They made a stupid plan, called it “deregulation,” watched it fail, then said “see deregulation doesn’t work.”
The Federal Reserve’s actions is another. Even though Clinton’s plan was called “deregulation” it wasn’t really deregulation because the FED still had the power to regulate rates, which means they have massive power. Now that this so called “deregulation” has failed, the FED is demanding more power, when in fact they are the cause of the problem if not the problem.
Those who say the free market has failed have been completely fooled. In fact, the free market is doing all it can to point out how bad of an idea the federal reserve banking system is. Problems is, nobody is noticing.
