As Dems gleefully pounce on the failure of deregulation as a Republican policy, here is a persuasive argument by Sebastian Mallaby that deregulation actually had little to do with the crisis.
And also from WaPo, Krauthammer also wrote something I found insightful. I usually find Krauthammer inciteful (as to rage), so color me surprised.
And leave it to George Will to restore my faith in Politics.
And this isn't really from the other side, but a nice analogy from David Brooks to Plato's cave, anyway:
"This money was entrusted to a few thousand traders who sloshed it around the world in search of the highest returns. These traders live in a high-tech version of Plato’s cave. They do not see reality directly. Instead they see the shadow of reality as it dances around in numbers on their computer screens. They form perceptions about other people’s perceptions of where the smart money is going next, so they’re three or four psychological levels removed from normal economic activity."
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