Michael Oxley Quotes
Certainly the advent of technology and electronic commerce has had an immense impact on the real estate industry.
United States, Congress, House, Committee on Financial Services. Hearing on Information Technology and the Real Estate Market. Government Printing Office, 2005.
There is an opposite school of thought which argues that because technology develops so fast, by the time you legislate about it of you understand it, it is too late to prevent major problems and abuses which can become institutionalized. Instead it is argued, legislate rapidly BEFORE you understand all the consequences and then repeal and revise very frequently as the technology develops. This school argues that Schmidt’s view is tantamount to not legislating at all as it will ALWAYS be too late if you wait till you understand the consequences.
Michael Garver Oxley was an American Republican politician and attorney who served as a U.S. Representative from the 4th congressional district of Ohio.