A Quote by Joseph Stiglitz

You can't overestimate what happens when you encourage regulators to believe that the goal of regulation is not to regulate.

Joseph Stiglitz

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Believe Encourage Goal Happens Overestimate Regulate Regulation Regulators

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Joseph Stiglitz
American - Economist
Born: February 9, 1943

Regulation has gone astray. . . . Either because they have become captives of regulated industries or captains of outmoded administrative agencies, regulators all too often encourage or approve unreasonably high prices, inadequate service, and anticompetitive behavior. The cost of this regulation is always passed on to the consumer. And that cost is astronomical.

Edward Kennedy

The government isn't going to say, "We're going to regulate banks, but we'll leave these other companies alone." I think the regulators want to make sure that they have some form of regulation on anything systemic. We like our hand. But, you know, honestly, who owns the future?

Jamie Dimon

People vastly overestimate the ability of central planners to improve on the independent action of diverse individuals. What I've learned watching regulators is that they almost always make things worse. If regulators did nothing, the self-correcting mechanisms of the market would mitigate most problems with more finesse. And less cost.

John Stossel

I think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself.

Ray Dalio

I think (fantasy football) has become something that needs to be looked at in terms of regulation. Effectively, it's day trading without any regulation at all. When you have insider information, which has apparently been the case, when you have people who use that information, use big data to try and take advantage of it, there has to be some regulation. If they can't regulate themselves, then the NFL needs to look at moving away from them a little bit, and there should be some regulation.

Jeb Bush

The government should find regulation to encourage ride-sharing companies. Rather than finding impediments for them, regulate them by all means... create a framework by which ride-sharing companies can survive.

Anand Mahindra

Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.

Abdul Aziz Al Ghurair

Regulators are in the best position to regulate when they are intimately knowledgeable about the activities they are regulating.

John Thain

I wouldn't overestimate the importance of my popularity in the country and abroad but at the end of the day it's not as important because I believe that my presence here could make some difference and it could encourage people.

Garry Kasparov

Markets are imperfect. So you do need regulation, knowing that the regulators are also human.

George Soros

We have a massive system to regulate creativity. A massive system of lawyers regulating creativity as copyright law has expanded in unrecognizable forms, going from a regulation of publishing to a regulation of copying.

Lawrence Lessig

If you believe one of the biggest problems confronting the country is overregulation by this administration, the single most effective way to begin to rein in the aggressive regulators, who in my view have done great damage to this economy, is in the bills that fund the regulators.

Mitch McConnell

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

James Surowiecki

I believe in goal-setting. I don't care what it is. If you want to drop 10 pounds, increase your bench press, jump higher, or win a Super Bowl, you have to set that goal for yourself before you go out and achieve it. I think you have to regulate it, and see how you're building toward it every single day. Am I getting closer to that ultimate goal? Am I doing everything I possibly can today to be successful? I'm always very cognitive of my goals.

Larry Fitzgerald

Most businesses believe regulators intend to fine them rather than help them protect their workers. Serious violations should bring real consequences, but minor violations should only incur warnings that encourage compliance.

James Lankford

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

Alan Greenspan

A Quote by Joseph Stiglitz

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