Summers: 1940s environmental regulations saved Los Angeles from unlivable smog
Larry Summers · All-In Summit: In conversation with Larry Summers · Sep 18, 2023 · at 15:25
Former US Treasury Secretary Larry Summers defends regulatory frameworks at the All-In Summit in Los Angeles, pointing to early environmental laws as essential to the city's viability.
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“If there had not been major regulation that was regarded as oppressive, totalitarian, wrong, and anti-market, beginning in the late 19 forties, it would be impossible for this gathering to exist because the smog in Los Angeles would be so profoundly serious.”
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