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There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions.
There is a very real danger that financial regulation will become a wolf in sheep's clothing.
Whenever regulation increases, personal freedom decreases.
The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems.
We have lost that which has made us great over the generations, and that is the sense of individual and personal responsibility that we can come up, we can pursue our dreams and our aspirations and we won't be blocked by government regulation, by the inability to get a loan as a small business to make our dreams come true.
Jon Huntsman, Jr.
Our objective must therefore be to ensure EU better regulation contributes towards delivering a modern European Union which relentlessly focuses on building a dynamic and innovative economy equipped to meet the challenges of the 21st century.
A black agenda is jobs, jobs, jobs, quality education, investment in infrastructure and strong democratic regulation of corporations. The black agenda, at its best, looks at America from the vantage point of the least of these and asks what's best for all.
I think we need to significantly reduce the regulatory burden on the private sector. The Obama administration is doing the opposite. They're loading on more and more regulation on the private respect to how the economy functions.
As consumers and as voters we can say 'no' to rogue economics and demand regulation.
I prefer for government to err toward less regulation, lower taxation, and free markets. And I'm a radical free trader.
Well, I think lower taxes and less regulation would actually promote growth.
Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought about some reform. That is how central banking developed.
Africa's informal economy is one of the most innovative and inventive environments in the world. Yet it is an environment with little regulation in which workers are often exposed to hard conditions and live without a safety net.
The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.
People feel that the EU is heading in a direction that they never signed up to. They resent the interference in our national life by what they see as unnecessary rules and regulation. And they wonder what the point of it all is. Put simply, many ask 'why can't we just have what we voted to join - a common market?'
We will reverse course on the heavy hand of regulation, discarding Dodd-Frank and any other regulations that advance a political agenda at the expense of jobs and investment on Main Street.
Whenever the debate moves on to hard numbers - our deficit with Europe, our surplus with the rest of the world, our Brussels budget contributions, the tiny part of our economy dependent on sales to the EU, the vast part subjected to EU regulation - Euro-enthusiasts quickly shift their ground and start harrumphing about influence.
I believe there's only one regulation in life that works: failure.
We have a massive system to regulate creativity. A massive system of lawyers regulating creativity as copyright law has expanded in unrecognizable forms, going from a regulation of publishing to a regulation of copying.
Regulation creates a moral hazard.
P. J. O'Rourke
Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all - to different degrees - unnecessary slices of the wedge that stand between an individual's effort and reward for that effort.
People should be free, people should be unencumbered by regulation as much as possible, that big government always goes corrupt and the truth shall always set you free.
If it were not for government regulation of big corporations, executives at companies like Enron, WorldCom, Tyco, they could have cheated investors out of millions.
P. J. O'Rourke
Regulation needs to catch up with innovation.
Soon after the financial crisis of 2008, I was at a meeting in Washington with a group of U.S. senators. They had invited me to provide a point of view on new regulation; regulation aimed at ensuring we never have to go through the events of 2008 ever again.
A. P. J. Abdul Kalam
Martin Luther King, Jr.
Leonardo da Vinci
Image of the Moment
When I walk with you I feel as if I had a flower in my buttonhole.
William Makepeace Thackeray
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