The Federalist Society

The Economic Crisis: Wall Street, Main Street, or K Street?

July 20, 2009

Richard A. Epstein, Steven Thel

It is an honor to be here. I’m happy to see so many people have come to make judgments about our economic situation. Usually people in economics, or in law and economics, do not lack the confidence to talk about the major problems of the day. If this talk were a discourse on antidiscrimination laws or the minimum wage or some similar conflict, I would be situated clearly in the camp for deregulation. But money and credit and all the related topics are much more difficult to get a grip on. Therefore, I think you have to be aware of the two extremes, in order to try to find some way between the poles. This puts me in the uncharacteristic position of being a moderate, but so be it. I will bear that scorn with whatever dignity I can summon...

The Economic Crisis: Wall Street, Main Street, or K Street?  


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