Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're paying a price for it.
Regulatory creep usually starts with calls for 'regulatory parity.' The mantra will be, if you are going to impose certain regulations, then it is only fair to stick it to all market participants equally.
We need to create a level regulatory playing field. It makes no sense for Internet giants like Google, Facebook, and Twitter to be allowed to buy newspapers while a small AM radio station is prohibited from purchasing its local paper.
Net neutrality would require that every search engine produce an equal number of results that satisfy every disagreement about the issue... Just think of it as Fairness Doctrine for the Internet. I'm not making this up.
No regulation can be enforced which is not reasonable.... Unenforceable or harassing laws tend to make criminals.
I trust the regulatory mechanism; it is a fair and independent mechanism, and the politicians and government do not interfere with the regulators.
What we lack is a good, strong business climate with lower taxes, fairer regulation.
Strong, enforceable environmental protections will not only help protect our planet for future generations, it will also level the playing field for small-and-medium-sized U.S. businesses by raising environmental standards.
