Who has not wished that his host would come out frankly at the beginning of the visit and state, in no uncertain terms, the rulesand preferences of the household in such matters as the breakfast hour? And who has not sounded out his guest to find out what he likes in the regulation of his diet and modus vivendi (mode of living)?

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.

It is probably the case that some regulation of financing will make crises less likely, and I would say higher capital requirements are an almost fail-safe way to make banks safer. But there are a lot of other things that may not be doing that, and so we need to be careful about sort of, like, rushing to one conclusion or another.

What a nightmare it would be if we individually had to criminalise every single abuse of every single commodity, market or financial product. There are thousands of these and new ones being invented every day. Such an approach would have disastrous implications for regulation and policy-making. Any slide towards it must be resisted.

Thinking about free speech brought me to media regulation, as Americans access so much of their political and cultural speech through mass media. That led me to work on the FCC's media ownership rules beginning in 2005 to fight media consolidation, working with those at Georgetown's IPR, Media Access Project, Free Press, and others.

At the age of nine, I could cross the length of Glasgow on a succession of buses, wearing regulation garter-topped stockings and compulsory cap and - if I'd done well enough to earn the honour in last week's test - with a First World War medal on a striped ribbon pinned to my brown blazer. I must have looked like a chocolate soldier.

Black-marketeers are really knowing, intelligent, and ordinarily responsible people, and when they indulge in black-marketing, I think they ought to be very severely punished because they undermine the entire system of control and regulation of foodstuffs and essential commodities, and cause wholesale starvation and want and even death.

The Obama administration's Clean Power Plan was stayed by the Supreme Court. That was an historic stay. They had never stepped in at that stage in litigation and actually issued a stay for a Clean Air Act regulation. They did that because I believe the Clean Power Plan was outside of the Clean Air Act. It was outside the bounds of the law.

By international standards, many of the U.K.'s policies for civil society are exemplary. However, there are concerns about constraints on civil liberties - particularly restrictions on free assembly and about the rising tide of everyday regulation has seriously impeded community activity - from organising street parties to helping children.

When you work extra, you should be paid extra. That's what the Fair Labor Standards Act said. And I've met so many people who are working 60-70 hours a week, and they are effectively working 20 hours for free because they are making a little bit above the minimum wage, because the 2004 regulation enables employers to do that. That's not fair.

Broadly speaking, the Southern and Western desert and mountain states will vote for the candidate who endorses an aggressive military, a role for religion in public life, laissez-faire economic policies, private ownership of guns and relaxed conditions for using them, less regulation and taxation, and a valorization of the traditional family.

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.

A handgun ban is not realistically enforceable. Confiscating guns would require house-to-house searches and alienate the very individuals whose compliance is essential to the success of any regulation. If gun ownership were prohibited, organized crime would step in to provide the firearms that will continue to be procured with criminal intent.

If we get outside the EU, if we leave the EU system, we will be relieved of a huge amount of unnecessary regulation that is holding this country back. We will be able to set our own priorities, make our own laws and set our own tax policies to suit the needs of this country. We have a huge opportunity also to make people's votes count for more.

'Freedom' means a lot to conservatives, but they have such a narrow sense of what it means. They think a lot about freedom from - freedom from government, freedom from regulation - and precious little about freedom to. Freedom to is absolutely something that has to be safeguarded by good government, just as it could be impaired by bad government.

I spent my whole career thinking about risk, markets, infrastructure, and regulation. I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.

For the power given to Congress by the Constitution does not extend to the internal regulation of the commerce of a State (that is to say, of the commerce between citizen and citizen,) which remain exclusively with its own legislature; but to its external commerce only, that is to say, its commerce with another State, or with foreign nations, or with the Indian tribes.

I trace the inequality to a particular set of decisions that we took when we lowered the tax rate from 91% down to very low levels at the top, where we stripped away regulations. So the result of that was not a more dynamic economy, but a more unequal society. We tried the experiment of trickle-down. A third of a century later, we can say fairly definitively that it was a failure.

We create these boom-bust cycles by manipulating the money supply and the interest rates and directing it where it went in. And that is what happened with housing: pushed into housing combination of easy money plus all the regulations, and we created this boom-bust cycle, and corruption, because corruption goes with it, because you don't have the same discipline. So we've got to stop all that.

Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.

If we remain fearful, then we will be further stripped of power as we barrel towards this neofeudalistic state where there is a world of masters and serfs, a kind of permanent underclass. That's what's happening; that's what's being created. Rapacious corporate business interests have shattered all kinds of regulations and controls. They have carried out a coup d'etat in slow motion. And it's over; they've won.

Share This Page