Former Texas senator Phil Gramm and Donald Boudreaux have a new book out called “The Triumph of Economic Freedom.”  It’s a must read.

They remind us that one of the greatest deregulation efforts of the past fifty years happened at the end of the Jimmy Carter presidency. It was led by a then-liberal economist Alfred Kahn, who ran the regulatory agency and Massachusetts Senator Ted Kennedy.

Here is an amazing quote from Kennedy on why this agency and regulatory structure needed to be dismantled: