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I can't remember one [example of regulation] that's good. 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.
Congress created tax-exempt 501(c)(4)s to operate exclusively for social welfare purposes like early childhood education, environmental protection, and veteran's assistance. However, an IRS regulation allows 501(c)(4)s to operate primarily for the promotion of social welfare.
Once the cry and the cause of a generation of progressives to make America safer, fairer and cleaner, 'regulation' is now a dirty word in our politics. Even Democrats are quick to talk about cutting regulations; Republicans hate them with - how to put it? - evangelical fervor.
Politicians also have a love affair with the 'small business exemption.' Too much paperwork? Too heavy a burden? Not enough time? Just exempt small businesses from the rule. It sounds so pro-growth. Instead it's an admission that the costs of a regulation just can't be justified.
North Carolina is home to some of the largest financial institutions in the country, and a vibrant network of community banks. We're a banking state, and we're proud of that distinction. But we also understand that responsible financial regulation protects consumers and businesses.
I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.
Stimulus spending, permanent bailouts, government takeovers, and federal mandates have all failed our nation. America's employers are afraid to invest in an economy racked with uncertainty over what Washington's next set of rules, regulations, mandates, and tax hikes will look like.
Whenever the legislature attempts to regulate differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable; but it is sometimes otherwise when in favor of the masters.
The O.M.B. director puts together the budget. It handles every executive order. It is the clearing house for every single federal regulation. It has input into all the management of all of the federal agencies... It is involved with everything. And I thought, 'That's where I want to be.'
If we speak about fundamental things, regulation of the rate is actually the function of the main regulator, namely the function of the Central Bank. And it should think of how the economy and industry react, but also of its fundamental tasks in order to ensure the stability of the rate.
I have voted against only one of President Obama's nominees: Michael Froman, a Citigroup alumnus who is currently storming the halls of Congress as U.S. Trade Representative pushing trade deals that threaten to undermine financial regulation, workers' rights, and environmental protections.
People will be surprised at the eagerness with which we went aboutpretending to rouse from its slumber a sexuality which everything-our discourses, our customs, our institutions, our regulations, our knowledges-was busy producing in the light of day and broadcasting to noisy accompaniment.
To me, there's so much talent in the world that's locked out for the wrong reasons, whether it's innovators at the highest end where we need to change the regulation systems, or whether it's the talented people who work here who the bureaucracy's holding back, or the amazing American people.
If your quarterback wants a deflated football, your soccer-style kicker is going to want it kind of full. If your quarterback wants it really full, your straight-on kicker is going to want less air in it. It's a regulation football; let them use it however they want to. You use your own ball.
After all, chamber of commerce type conservatives love nothing more than to opine on the great virtues of Texas. The low taxes, the low regulation, delightfully paired with a low investment in education, health care and really anything else that might be of use to their working-class citizens.
The fierce battles between New Democrat centrists and old-style liberals that defined the Democratic Party in the 1990s are long gone, with the party unified behind Barack Obama's economic agenda of universal health care, expensive federal programs and more regulation of the financial markets.
Obama's clean power plan, methane regulations, and increased fuel economy standards are about as good as our political system can do at this point in our history. Let's embrace these things, make them work, and push for more, rather than denouncing them because they're 9th best (which they are).
For diabetes in particular, we know there's a relationship between lack of glucose regulation and complications like blindness and kidney failure. So if you were diabetic and you knew that you could get your glucose in a tight, normal range just by adjusting your lifestyle, wouldn't that be great?
We don't need any more regulation from government. You don't need overarching moralism to tell you how to live because human beings actually have a pretty well-developed moral center. The more government intrudes on the basic decisions you make, the further away you get from your natural morality.
I'm not speaking in favor of killing innovation. I'm speaking in favor of centrist use of the market, which involves necessarily a considerable degree of regulation. Markets by themselves will get themselves inevitably into inequality and into their own destruction. It will happen again and again.
In recent years, Republicans have argued that Congress is a more responsible policymaker than the executive branch. But when it comes to regulation, Congress is often much worse, and for just one reason: Executive agencies almost always focus on both costs and benefits, and Congress usually doesn't.
I believe that the financial crisis of 2008/9 exposed more a lack of ethics and morality - especially by the financial sector - rather than a problem of regulation or criminality. There were, of course, regulatory lessons to be learned, but at heart, there was a collective loss of our moral compass.
Yes, genes are important for understanding our behavior. Incredibly important - after all, they code for every protein pertinent to brain function, endocrinology, etc., etc. But the regulation of genes is often more interesting than the genes themselves, and it's the environment that regulates genes.
The Republican Party is doubling down on this trickle-down theory that says, 'Thou shalt concentrate wealth at the very top of our society. Thou shalt remove regulation from wherever you find it, even on Wall Street. And thou shalt keep wages low for American workers so that we can be more competitive.'
Socialism is about claims of justice, and it is also about money: about wealth, income, physical and financial capital. It is an ideology based on allocating economic resources. It may try to achieve that goal by nationalizing assets, by command-and-control regulation, or by taxation and redistribution.
Personally, I would prefer Britain to remain within a more flexible E.U., with access to the single market but without the excessive regulation or constant efforts to direct social, justice, or foreign policy. But if that's not possible, I believe this country could - and should - thrive outside the E.U.
Donald Trump promises to impose, soon after his inauguration, a new requirement on federal agencies: If they want to issue a new regulation, they have to rescind two regulations that are now on the books. The idea of 'one in, two out' has rhetorical appeal, but it's going to be extremely hard to pull off.
A better way to help American companies compete against competitors abroad is to remove all series and myriad of obstacles they face in America, whether it's union rules in some states or massive amounts of regulation imposed upon them, one of the most expensive combined corporate tax rates on the planet.
In general, presidents and congressmen have very limited power to do good for the economy and awesome power to do bad. The best good thing that politicians can do for the economy is to stop doing bad. In part, this can be achieved through reducing taxes and economic regulation, and staying out of our lives.
In our early experiences with bitcoin, we found how few people were building bitcoin exchanges the right way. They really weren't taking the regulation seriously; they were taking it too much like how you would approach something when you're 18, full of the excitement of youth and throwing caution to the wind.
Since 1981, when President Ronald Reagan took office promising to scale back the federal government, Republican leaders have promised to cut regulation and taxes, and to return power to individuals to arrange their lives as they see fit. But they have never entirely managed to eradicate the New Deal government.
If there is ever an amelioration of the condition of mankind, philosophers, theologians, legislators, politicians and moralists will find that the regulation of the press is the most difficult, dangerous and important problem they have to resolve. Mankind cannot now be governed without it, nor at present with it.
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?'
Beginning in the Clinton administration, there was, for nearly two decades, a broad bipartisan consensus that the best Internet policy was light-touch regulation - rules that promoted competition and kept the Internet 'unfettered by federal or state regulation.' Under this policy, a free and open Internet flourished.
We need financial regulation that allows businesses and the banks they use to have access to the tools that help keep prices of consumer goods - like groceries and home heating oil - steady, while ensuring that the taxpayers are never again on the hook for the types of wild bets that helped crash the economy in 2008.
Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're paying a price for it.
We are often told that curtailing the freedom of business is coercive and undemocratic. But by what democratic principle should corporations and billionaires decide the fate of current and future generations? When a government releases them from regulation, it allows them to determine whether other people live or die.
We need to do a lot of restructuring of the existing ports, particularly Durban. The separation of oversight and regulation from operations in the port, the possibility of bringing in private investors, to put in new investment to build capacity in the port. So, the restructuring of the ports will take place like that.
Paul Keating told us before we were elected that you can do deals with [Rupert] Murdoch without saying you were doing a deal. Did we do that kind of thing? Maybe. But from around about the turn of the century, I felt strongly that we had to do something about media ownership and self-regulation. Tony [Blair] disagreed.
It's harder, but we're still finding oil in Oklahoma today. The bar has been raised on startup companies, but it can still be done. Every regulation and every rule limits you, but, yes, it can still be done. That's the beauty of living in a free country and having the freedom to have an idea and become an entrepreneur.
The great fear that hung over the business community in the 1970s was death by regulation, and the great goal of the conservative movement, as it rose to triumph in the 1980s, was to remove that threat - to keep OSHA, the EPA, and the FTC from choking off entrepreneurship with their infernal meddling in the marketplace.
Obamacare imposed an unprecedented level of regulation and standardization on individual-market health insurance all across America. This has left many consumers in an intolerable predicament - in some cases, having to spend up to a third or even half of their income on premiums and deductibles before insurance kicks in.
My general view is that capitalism is an amazing innovation and job-creation machine. But what we've done historically that has been so brilliant is that we've moderated it with appropriate tax policy, with regulation, with workers' rights and infrastructure in our society that make sure that everyone has an opportunity.
The Democratic plan in the 'Affordable Care Act' has, I would say, more government support, more government regulation around trying to protect the finances of individuals, trying to protect people who had pre-existing conditions, making sure that they could actually be in an insurance market and not set off to the side.
In America, you keep on hearing productivity is low; secular stagnation, it's a new normal. It's just not true: We've had multiple wars; we're not educating our kids. We had government shut downs, badly-spent money, failures in the health system, failures and an extreme amount of regulation - that's why we're going slow.
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.
'Truth' is to be understood as a system of ordered procedures for the production, regulation, distribution, circulation and operation of statements. 'Truth' is linked in a circular relation with systems of power which produce and sustain it, and to effects of power which it induces and which extend it. A 'regime' of truth.
Our battles against the EPA and other rogue federal agencies aren't about a desire for dirtier air or zero regulation. They are about our right as a state to control our own destiny and resist attempts by the administration to ramrod a wish list of regulations through agency heads instead of garnering approval from Congress.
We have no regulation of drones in the United States in their commercial use. You can see drones some day hovering over the homes of Hollywood luminaries, violating privacy. This question has to be addressed. And we need rules of operation on the border, by police, by commercial use, and also by military and intelligence use.
There is a big divergence between views on a variety of policy issues from fiscal stimulus to financial regulation. It's my hope and my ambition for the economics profession that as we advance our knowledge, that those discussions will narrow in their focus, and that it will help to have more prudent policy-making down the road.