I don’t see how they were ridiculous on the face it. The economy during that regulatory period grew into a huge juggernaut.
Most of the R&D that laid the future of the world happened during that period. The middle class grew to its largest portion during that period.
I don’t think the economy was hamstrung in the least
> I don’t think the economy was hamstrung in the least
post WW2 the world basically outside of the US blew up and the US pumped a ton of money into europe+asia to bolster it.
it's easy to be #1 when everything else burnt down
Rose colored glasses.
The classic example is airline deregulation which happened under Carter. The real cost of flights is way, way down since then. But this doesn't stop people from complaining about how "flying is a worse experience now" and wishing for a return to inane regulations.