alt Hacker NewsThe pre 1980s standards were ridiculous though. However, even if the US moves to some 3 quarters of the way towards now would be a huge improvement.
The "consumer harm" standard is idiotic.
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mmooss • today at 3:02 PM
Would you share a more detailed argument? Right now we only have adjectives: "ridiculous", "idiotic".
The US economy generally did very well with those standards, maybe the best it ever did, especially considering distribution of benefits.
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I don’t see how they were ridiculous on the face it. The economy during that regulatory period grew into a huge juggernaut.
Most of the R&D that laid the future of the world happened during that period. The middle class grew to its largest portion during that period.
I don’t think the economy was hamstrung in the least