A Quote by P. J. O'Rourke

Regulation creates a moral hazard.

P. J. O'Rourke

Quote Topics

Creates Hazard Moral Moral Hazard Regulation

Quote Author

P. J. O'Rourke
American - Comedian
Born: November 14, 1947

Hazard has conditioned us to live in hazard. All our pleasures are dependent on it. Even though I arrange for a pleasure, and look forward to it, my eventual enjoyment of it is still a matter of hazard. Wherever time passes, there is hazard.

John Fowles

Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.

Alan Greenspan

Moral hazard is something I don't take lightly.

Henry Paulson

We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up.

Timothy Geithner

How about we all stop paying our mortgages! It's a moral hazard.

Rick Santelli

As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.

Ben Bernanke

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.

Eugene Fama

Large credit guarantees also impede optimal allocation of financial resources and increase moral hazard.

Urjit Patel

As a conservative myself that, you know, generally I would have a point of view that less regulation is better than more regulation, but less regulation shouldn't supersede a tax on the fundamentally important institutions that sustain a democratic republic.

Steve Schmidt

Yet the basic fact remains: every regulation represents a restriction of liberty, every regulation has a cost. That is why, like marriage (in the Prayer Book's words), regulation should not "be enterprised, nor taken in hand, unadvisedly, lightly, or wantonly"

Margaret Thatcher

Market discipline can only limit moral hazard to the extent that debt and equity holders believe that, in the event of distress, they will bear costs.

Ben Bernanke

Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them.

Seth Klarman

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

I can't remember one [example of regulation] that's good. Regulation of transport, regulation of agriculture - agriculture is a, zoning is z. You know, you go from a to z, they are all bad. There were so many studies, and the result was quite universal: The effects were bad.

Ronald Coase

Mourinho criticised Eden Hazard for not doing his defensive duties. Eden Hazard is the type of player that you take that responsibility off.

Steve Nicol

Is regulation per se bad? Is better regulation bad? I think better regulation is good for the business community, and I think that's something we should get together on.

Ed Rendell

A Quote by P. J. O'Rourke

Quote Topics

Quote Author

Related Quotes

Related Authors