krugman.blogs.nytimes.com - 9/18/2008
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So last night I was on Larry King Live, dressed in my TV-from-the-Princeton-studio uniform: dress shirt, jacket, tie, shorts, and sandals (the camera doesn't pan below the belly button). With me, Andy Serwer of Fortune and Stephen Moore of the WSJ.
Moore offered an argument I hadn't heard ...
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The spectulative frenzy in regulation
The Next Right —
... What regulation would have prevented this economic problem without creating even greater problems?
When, prior to this crisis, did you propose it?
I told you so isn't a very valuable contribution if you did not, in fact, tell us so.
It is particularly dumb to reflexively blame this problem on Republicans, as Nancy Pelos did, or to reflexively assume Democrats must be better, as Paul Krugman does. Especially when facts like this, from 2003, are readily available... ...
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