Regulatory Inefficiency Quotes

Entrepreneurs are constantly developing new technologies and services. But too often, they're unable to bring them quickly to market for consumers because regulatory inertia stands in the way. Unfortunately, the FCC can suffer from this government-wide problem.

Every regulation requires two more regulations to deal with the unintended consequences.

Roy Hill had to achieve more than 4,000 approvals, permits, and licences and more again for construction. The delays and costs of this were not only humungous and waste of human resources but did nothing to assist productivity.

There's been so much corruption and so much cronyism in the taxi industry and so much regulatory capture, that if you ask for permission upfront for something that's already legal, you'll never get it.

In the old days, you dealt with one regulator. Now it's five or six. You all should ask the question how American that is.

Heavy-handed regulations hurt the very consumers they're supposed to help.

The regulatory systems in place disincentive innovation. It's intense to fight the red tape.

We've got a very poor record on unnecessary red tape; extra cost to business; people being asked to do things they don't need to; over the top regulation, misinterpreted regulation, poor guidelines.

That’s typically how the SEC does it. They come in after the crime has been committed they toe-tag the victims, count the bodies, and try to figure out who the crooks were after the fact—which does none of us any good.

I'm not a big believer in the power of more regulation to fix things. I think it can almost be more dangerous because it provides the illusion that things have been fixed without the substance.

But let me tell you what happens when regulations go too far, when they seem to exist only for the purpose of justifying the existence of a regulator. It kills the people trying to start a business.

A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can directly impact the competitiveness of U.S. insurers.