Conservatives Are Not Conservative?

The Corner hems and haws over David Brooks' great* article about our national debt culture. This is probably because, as this blog points out, the debt culture has largely been a product of Republican freemarket deregulation.

So Republicans are in the position of wanting no government involvement in finance, a situation which allows predation, usury, and the creation of dangerously inventive debt products, and thus outrightly undermines conservative financial values as they relate to individuals.

When we talk about financial regulation, I think it's always important to remember that the deregulators predicted doom when the SEC was created.

*Like Yglesias, I think a national sales tax is bullshit.