The Enterprise Blog

Steven F. Hayward

Teddy Was Right

By Steven F. Hayward

August 26, 2009, 3:26 pm

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.)

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