“It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s:…”

Source: 2000s, The Age of Turbulence (2008), Chapter Three, "Economics Meets Politics", p. 72.

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Alan Greenspan51

13th Chairman of the Federal Reserve in the United States 1926

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