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We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up.
--
House Financial Services Committee, March 26, 2009

 

Timothy Geithner

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"I can't remember [of a good regulation]. Regulation of transport, regulation of agriculture—agriculture is a, zoning is z. You know, you go from a to z, they are all bad. There were so many studies, and the result was quite universal: The effects were bad", in Reason, january 1997 (read online)

 

Ronald Coase

 

You can go to any major history and see the effect of unregulation. The very point of developing regulation around industrial society was that they were not only exploiting the workers to death they were befouling the planet, so regulation came because of that. What the right wing wants is for the public to have this role in the societal debate over balance of these issues and no power. The public power to confront these errors of industry is government regulation.

 

Chip Berlet

 

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.

 

Lawrence Lessig

 

If anyone was questioning whether or not Peter Schiff was truly a Republican, he's certainly made it clear today. After eight years of the Bush Administration's lax regulation and market-first mentality, the last thing we need is to further reduce regulation and allow Wall Street to run the show. Chris Dodd is leading the way to put a balance back into a system that for years has been too far out of whack and ensure that consumers are protected first and foremost.

 

Peter Schiff

 

I think the knowledge about how legislation really affects small businesses is extremely valuable. If you haven’t run a small business, then you don’t have this kind of knowledge about how a regulation passed or taxes increased affects your bottom line. If you recognize that every new regulation takes that much more time to comply with, requires that many more employees, then it really gives you that foundational basis to make those decisions.

 

Kristi Noem