Wednesday, October 7, 2015

No: Dodd Frank Did Not Cause the Slow Recovery

The latest piece of, well, CRAP from Powerline is that Dodd Frank Caused is solely responsible for the slow recovery.

The AEI originated this meme.  It comes from Peter Walliston, who propagated the argument that the CRA caused the financial collapse in 2007-2008.   The Federal Reserve debunked this argument a long time ago.

Thankfully, Barry Ritholtz over at Bloomberg has proved what a crock this most recent claim is.