Hi folks, I'm having a debate with someone currently who is saying that Ron Paul wants to deregulate the banks (which is the opposite of what I thought he'd do) and they're saying that, therefore, he wants to take America back the the 1920s - pre crash.
I obviously am not stupid and now that Paul is for sound economic policy, so trust what he says, but could someone help me some up why deregulating the banks would be better than the current system of having regulations which worked for years and then breaking those regs to extort money. I thought they were the only things keeping things safe.
(although I guess they don't matter anyway now because banksters do what they want).
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