Deregulation Quotes

AIG’s failure was possible because of the sweeping deregulation of over-the-counter (OTC) derivatives, including credit default swaps, which effectively eliminated federal and state regulation of these products, including capital and margin requirements that would have lessened the likelihood of AIG’s failure. The OTC derivatives market’s lack of transparency and of effective price discovery exacerbated the collateral disputes of AIG and Goldman Sachs and similar disputes between other derivatives counterparties. AIG engaged in regulatory arbitrage by setting up a major business in this unregulated product, locating much of the business in London, and selecting a weak federal regulator, the Office of Thrift Supervision (OTS).

Markets are smart and governments are dumb.

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.

I am sure future historians will say the biggest and most astonishing change in politics has been the embracing of all the tenets of Thatcherism by the party of Keir Hardie: trade union legislation, Europe, the replacement of Trident, 10 per cent tax for people who have made millions from their companies.

With each step away from communist constructivism to Hayekian capitalism, China has been richly rewarded.

The era of big government is over.

We need horror stories for people to focus on.

I've said it before, and I'll say it again: Politics Is the Entertainment Branch of Industry. C-SPAN's coverage of governmental proceedings is wonderful. Caution! Buffoons on the Hill! Wallowing in blabber and spew, regiments of ex-lawyers and used-car salesmen attempt to distract us from the naughty little surprises served up by deregulated corporate America.

What is responsible for the phenomenal development of the Internet? Well, it certainly wasn't heavy-handed government regulation.

A free mind and a free market are corollaries.

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

I'm a pro-growth, small-government conservative with a background in free enterprise.

You should be cautious when criticizing the liberalization of economic theory.

Less Government in Business and More Business in Government

We're facing a crisis that we have not provoked, yet we are the main victims of the greatest crisis since the 1930s. It's not been generated by factors external to the system, but by factors that are of the very essence of the system: exacerbated individualism, deregulation, competition, and so on.

Since the end of the 1970s, free-market capitalism has been in, and socialism has been out.

If I take you back to the Nineties, our party came up with very bold reforms in the country, economic reforms. They were really revolutionary reforms.

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

I believe that we need to take government out of business, and then we need to take business and put business back into government because government has no place in our businesses

I'm not a big government guy. I believe in private industries taking care of people. I think they do a better job.

Competition doesn't work well in the transportation business.

Instead of fostering investment and innovation through deregulation, the FCC will be devoting its resources to adopting new rules without any evidence that consumers are unable to access the content of their choice.

In the Republican Party, we talk all the time about the importance of free markets and open competition. It seems to me that if we don't practice what we preach, we won't have much credibility with others.

We need to move back toward a free market.

Old-fashioned values may count when conservatives appear on the stump, but once conservatives are in office the only old-fashioned situation they care to revive is an economic regimen of low wages and lax regulations…. The leaders of the backlash may talk Christ, but they walk corporate. Values may "matter most" to voters, but they always take a backseat to the needs of money once the elections are won