Word: deregulationã
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...common refrain of revisionists is that Bush foolishly pursued “deregulation?? by cutting taxes. They simply throw out the term “Bush tax cuts” followed by a non sequitur explaining why the economy is suffering. However, tax cuts are not deregulation. Deregulation implies a change in the rules and restrictions that structure markets, while tax cuts instead put money in the pockets of American consumers to use within the existing regulatory environment. Plus, not all deregulation is created equal: The poor accounting standards that led to the Enron scandal have nothing...
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