The Myth of “Re-Regulation”: The Interest Group Dynamics of Regulatory Change in the Financial Services Industry, 45 Washington & Lee Law Review 1275 (1989)
Date of Authorship for this Version
The press has made much in recent months of what it takes to be a shift in public opinion away from support of the so-called "Reagan revolution," which purportedly ushered in an era of laissez jaire, and towards greater support of governmental intervention in all sectors of private life. Consistent with this purported shift in public opinion, politicians are voicing renewed enthusiasm for all sorts of regulatory initiatives. Along these lines, one senator recently has gone so far as to declare himself a "born again" reregulator. The purpose of this Article is to discuss this supposed trend towards reregulation within the framework of the modern economic theory of regulation, often referred to as Public Choice.