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“But the piece notes that, over the past three decades, "each step on the long deregulatory road seemed wise at the time and was usually the answer to some flaw in the system," like Nixon being smart enough to take us off the gold standard in 1971. Then Reagan and Thatcher effectively abolish controls on financial flows, now made possible by the floating currencies, allowing insurance companies and pension funds to move money across borders--fueling globalization.” source...