One of the things we’re being told by the mainstream media is that deregulation is the cause of our current economic crisis. If only Bush hadn’t torn up so many regulations, we wouldn’t be in this trouble. Only adding more regulation will save the economy. Free markets — as if our economy is based on anything like that concept — are also blamed.
The most recent Cato Policy Report has an article Are We Ailing from Too Much Deregulation? that shows why these beliefs are incorrect.