A Quote by Richard Posner

I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.

Richard Posner

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Advocate Along Because Credit Deregulation Economy Entire Financial Fine Fundamental Happened Industries Industry Lot Made Mistake Movement Other People Runs Smart Smart People Which Widespread Works

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Richard Posner
American - Lawyer
Born: January 11, 1939

I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.

Bill O'Reilly

Deregulation is a popular term that's used across the political spectrum. And it's one of these terms like "choice," that corporate interests have used because they know their focus-group buzzword testing makes it sound like a popular word. Because, who can be against deregulation? Being free, having liberty, not having someone tell you what to do, being deregulated, hey, that sounds great. But deregulation is a non sequitur in the realm of media policy or media regulation. The issue is never regulation versus deregulation; our entire system is built on media policies and subsidies.

Robert Waterman McChesney

President Trump's economic plan which centers on tax cuts and deregulation has breathed new life into the American economy, fostering an incredibly business-friendly environment.

Lara Trump

With deregulation, one sector of the economy after another is "liberated" to capital's unmonitored authority. The very notion that there is a public interest is contested.

Herbert Schiller

It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.

Alan Greenspan

If men understood domestic economy half as well as women do, then their political economy and their entire consequent statecraft would not be the futil muddle which it is.

James Stephens

Clinton provided the final transition between decaying old-style liberalism and the new neoliberalism and neoconservatism - which are kind of incestuous first cousins. That goes for trade policy; for deregulation of major industries, from the utilities to communications companies to the banking industry to the insurance industry; all the way to continuing to wage war on Iraq. All of that is a living artifact of Clinton Time.

Jeffrey St. Clair

As with the government failures that made 9/11 possible, neglecting to prevent the crash of '08 was a sin of omission - less the result of deregulation per se than of disbelief in financial regulation as a legitimate mechanism.

Jacob Weisberg

Individual nations have offered their own contributions to income inequality - financial deregulation and upper-bracket tax cuts in the United States; insider privatization in Russia; rent-seeking in regulated industries in India and Mexico.

Chrystia Freeland

When I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.

Thabo Mbeki

With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased.

Noam Chomsky

Legalized drugs would cause dislocations in the US economy - the prison industry for example and tens of billions spent annually on drug enforcement. But because the US economy is so large, this would be a minor blow, hardly as severe as the ultimate nightmare for the US economy, global peace, which would shutter its death industry commonly called the military/industrial complex.

Charles Bowden

I'm voting for President Trump because ultimately he has done everything he possibly can in terms of our economy - to build an economy that works for everyone, and minorities obviously benefited from that economy.

Daniel Cameron

The 2008 financial crisis and the Great Recession that followed have had devastating effects on the U.S. economy and millions of American lives. But the U.S. economy will emerge from its trauma stronger and widely restructured.

Roger Altman

I believe strongly that we need a finance industry that is good for the economy, and I don't think anybody would argue that during the eight years leading up to the Great Recession, a lot of bets were made [and] risks taken that weren't good for the economy.

Hillary Clinton

I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.

Vladimir Putin

A Quote by Richard Posner

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