The Joy of Deregulation

摘要

Deregulation is one of those clumsy words that have crept into our language in the past decade. Before that, only a tiny band of economists and academics used it. But now it's tossed about casually, because we've had so much of it. All sorts of industries have been "deregulated." What are we to make of this? Well, plenty. We've had enough experience with it to draw some conclusions. And the main one is: it works.