Steve Hayward asks:
Quick, who said this:
The problems of our economy have occurred not as an outgrowth of laissez-faire, unbridled competition. They have occurred under the guidance of federal agencies, and under the umbrella of federal regulations.
Answer: Sen. Ted Kennedy, in defending trucking deregulation in 1978. (The staffer who did his legislative work on the idea was a young attorney named Stephen Breyer.)
Speaking of Hayward, PJTV subscribers can see my interview with him discussing his new book, The Age of Reagan: The Conservative Counterrevolution: 1980-1989, in high-resolution video. And for a handy portable form to embed on your own blog, click here.
Filed under: Capitalism, the Unknown Ideal, The Memory Hole
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