John Delaney Quotes

The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.

Defense of free markets is where we need to be when establishing a vision for national technology policy.

In a mixed economy the public sector remains constrained by the overarching requirement of maintaining an efficient and profitable private sector.

It's very important that the government is close to the business community and that we understand their concerns. But at some point, the government needs to be a government.

We are a mixed economy. We will remain a mixed economy. The public and private sector will continue to play a very important role. The private sector in our country has very ample scope and I am confident that India's entrepreneurs have the capacity, and the will to rise to the occasion.

Many markets work best with little or no outside interference. But others - especially those subject to big 'externalities' - need a helping hand.

I am not someone who tends to advocate for increased government involvement in the private sector.

However, leaving everything to the market is not necessarily good for society.

There isn’t that much that Washington can do to effect the economy.

The party cannot relinquish its leading role in the economy.

Regulation of private enterprise and not Government ownership or operation is the course rightly to be pursued in our relation to business.

The government’s role is to motivate the private sector, to assure that it performs in a way which serves the public interest.

The corporate welfare state derived from an approach to economic development which worships at the shrine of the gross national product.

Regulation is very much informed by behavioral economics.

We want free markets, but the markets are not going to take care of themselves in all cases.

1971 … was the year when, for the very first time, the United States bailed out an industrial firm whose own financial management had driven it to the brink of extinction. The company was Lockheed Aircraft Corporation and the bailout was in the form of a loan guarantee worth $250 million.

Deregulation played virtually no role

Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself... Everyone understands now, on the contrary, that there can be no solution without government.

The economy is not immutable; it's not about natural laws. It's about rules, and we make the rules.

The state has an offensive and defensive role to play as promoter of industrial policies, as regulator and as shareholder.

We want a free market, but we know that the paradox of a 'free' market is that sometimes you have to intervene. You have to make sure it's not the law of the jungle but the laws of democracy that works.

When I left the Treasury, there was a poll that showed - and I don't remember the numbers exactly right - something like 90% of the people were against TARP. It prevented a disaster, but you don't get credit for a disaster that people don't see.

When everything is going well, the role of the state in the economy should be limited. When we are in a crisis, it's different.

From nuclear waste to Northern Rock and Metronet, risk is never transferred to the private sector - the state will always be forced to step in where there is a clear public interest.

There is certainly a role for regulation, but regulation should always take into account the impact that it has on markets, a balance that must be constantly weighed.