Jerome Powell Quotes

Generally I'm against regulation.

The private sector, when left alone, can make better decisions than government can.

With less regulation, I think you would see growth come back. Of course, there are situations where you need regulation. Antitrust regulation, for example, is a good idea because you want competition. But beyond that, it gets very difficult.

I saw how the regulation I called for made things worse, didn't help consumers and simple competition was better. And I started praising business and occasionally criticizing regulation.

The invisible hand of the market always moves faster and better than the heavy hand of government.

All regulation can ever do is approximate the results of competition.

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

Competition does a much more effective job than government at protecting consumers.

The issue is always the same: the government or the market. There is no third solution.

Our elected officials would do well to remember that the most prosperous countries are those that allow consumers - not governments - to direct the use of resources. Allowing the government to pick winners and losers hurts almost everyone, especially our poorest citizens.

I don't believe in government regulation of the software industry.

There's a difference between a free market and free-for-all market.

Unregulated competition is a naive metaphor for anarchy.

You'll have lower prices under deregulation than you will through regulation.

Establishment of a market economy is seen as mostly involving destruction.

Either you believe in markets, or you believe in government.

No system of regulation can safely be substituted for the operation of individual liberty as expressed in competition.

The best way for you to keep Government out of your business is to promote competition.

We want a market economy without any adjectives. Any compromises with that will only fuzzy up the problems we have.

I believe in markets before mandates.

The Government must get out of the "protective" business and the "subsidy" business and the "improvement" and the "development" business. It must let trade, and commerce, and manufactures, and steamboats, and railroads and telegraphs alone. It cannot touch them without breeding corruption.

… markets don't look after social needs. Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs.

The left must shelve its centralist megalomania and drop the obsessive conviction that the State can effectively control the whole economy … The left must stand up for consumer rights, free investment decisions, the free disposal of assets, and a decentralized decision making process

Deregulation played virtually no role

I started out by viewing the marketplace as a cruel place, where you need intervention by government and lawyers to protect people. But after watching the regulators work, I have come to believe that markets are magical and the best protectors of the consumer. It is my job to explain the beauties of the free market.