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Despite Lay's insistence that deregulation "drives prices down", we see below that the exact opposite happened.
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Wednesday, February 1, 2012
Newspeak: Deregulation Lowers Prices
Ken Lay was once a high flier. As CEO of Enron, he was paid $42 million per year. And he was smart too - PhD in economics. He was one of George W Bush's key contributors. This gave him and his company what is euphemistically called "access" to the political process. This is what access actually looks like:
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Despite Lay's insistence that deregulation "drives prices down", we see below that the exact opposite happened.
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Despite Lay's insistence that deregulation "drives prices down", we see below that the exact opposite happened.
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