Quotes about regulation
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Timothy Geithner photo

“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 (1961) American central banker and politician

House Financial Services Committee, March 26, 2009 http://www.house.gov/apps/list/hearing/financialsvcs_dem/press031309.shtml

Richard Cobden photo

“We are on the eve of great changes…We have set an example to the world in all ages; we have given them the representative system. The very rules and regulations of this House have been taken as the model for every representative assembly throughout the whole civilised world; and having besides given them the example of a free press and civil and religious freedom, and every institution that belongs to freedom and civilisation, we are now about giving a still greater example; we are going to set the example of making industry free—to set the example of giving the whole world every advantage of clime, and latitude, and situation, relying ourselves on the freedom of our industry. Yes, we are going to teach the world that other lesson. Don't think there is anything selfish in this, or anything at all discordant with Christian principles. I can prove that we advocate nothing but what is agreeable to the highest behests of Christianity. To buy in the cheapest market, and sell in the dearest. What is the meaning of the maxim? It means that you take the article which you have in the greatest abundance, and with it obtain from others that of which they have the most to spare; so giving to mankind the means of enjoying the fullest abundance of earth's goods, and in doing so, carrying out to the fullest extent the Christian doctrine of 'Doing to all men as ye would they should do unto you.”

Richard Cobden (1804–1865) English manufacturer and Radical and Liberal statesman

Speech in the House of Commons (27 February 1846), quoted in John Bright and J. E. Thorold Rogers (eds.), Speeches on Questions of Public Policy by Richard Cobden, M.P. Volume I (London: T. Fisher Unwin, 1908), p. 198.
1840s

Adam Smith photo
John Varley photo
Nathanael Greene photo
Calvin Coolidge photo
Edwin Abbott Abbott photo

“For my own part, I find it best to assume that a good sound scolding or castigation has some latent and strengthening influence on my Grandson's Configuration; though I own that I have no grounds for thinking so. At all events I am not alone in my way of extricating myself from this dilemma; for I find that many of the highest Circles, sitting as Judges in law courts, use praise and blame towards Regular and Irregular Figures; and in their homes I know by experience that, when scolding their children, they speak about "right" or "wrong" as vehemently and passionately as if they believed that these names represented real existences, and that a human Figure is really capable of choosing between them.Constantly carrying out their policy of making Configuration the leading idea in every mind, the Circles reverse the nature of that Commandment which in Spaceland regulates the relations between parents and children. With you, children are taught to honour their parents; with us — next to the Circles, who are the chief object of universal homage — a man is taught to honour his Grandson, if he has one; or, if not, his Son. By "honour", however, is by no means meant "indulgence", but a reverent regard for their highest interests: and the Circles teach that the duty of fathers is to subordinate their own interests to those of posterity, thereby advancing the welfare of the whole State as well as that of their own immediate descendants.”

Source: Flatland: A Romance of Many Dimensions (1884), PART I: THIS WORLD, Chapter 12. Of the Doctrine of our Priests

Edward Hall Alderson photo
Nassim Nicholas Taleb photo

“The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with the failure of the system. It is irresponsible and foolish to put our trust in the ability of such experts to get us out of this mess. Instead, find the smart people whose hands are clean.”

Nassim Nicholas Taleb (1960) Lebanese-American essayist, scholar, statistician, former trader and risk analyst

Ten principles for a Black Swan-proof world http://www.ft.com/cms/s/0/5d5aa24e-23a4-11de-996a-00144feabdc0.html?nclick_check=1, Financial Times, 2009-04-07.
Ten principles for a Black Swan-proof world (2009)

Rich Lowry photo
John E. Sununu photo
Frederik Pohl photo
François Hollande photo

“The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City – hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.”

François Hollande (1954) 24th President of the French Republic

As quoted in "New French leader fires a broadside at Britain: You only care about the City of London, says President Hollande" http://www.dailymail.co.uk/news/article-2141040/Francois-Hollande-French-president-says-Britain-cares-City.html (8 May 2012), Daily Mail.

Jane Roberts photo

“Paper currency, guarded by proper regulations and restrictions, is the life of commerce.”

William Henry Ashurst (judge) (1725–1807) English judge

Jordaine v. Lashbrooke (1798), 7 T. R. 605.

Gary Johnson photo
Yeh Jiunn-rong photo
Ilana Mercer photo
A. James Gregor photo
Marguerite Yourcenar photo

“Leisure moments: each life well regulated has some such intervals, and he who cannot make way for them does not know how to live.”

Des moments libres. Toute vie bien réglée a les siens, et qui ne sait pas les provoquer ne sait pas vivre.
Source: Memoirs of Hadrian (1951), p. 43

Robert A. Dahl photo
W. Richard Scott photo

“Most of the constantly rising burden of paperwork exists to give an illusion of transparency and control to a bureaucracy that is out of touch with the actual production process. Every new layer of paperwork is added to address the perceived problem that stuff still isn’t getting done the way management wants, despite the proliferation of paperwork saying everything has being done exactly according to orders. In a hierarchy, managers are forced to regulate a process which is necessarily opaque to them because they are not directly engaged in it. They’re forced to carry out the impossible task of developing accurate metrics to evaluate the behavior of subordinates, based on the self-reporting of people with whom they have a fundamental conflict of interest. The paperwork burden that management imposes on workers reflects an attempt to render legible a set of social relationships that by its nature must be opaque and closed to them, because they are outside of it. Each new form is intended to remedy the heretofore imperfect self-reporting of subordinates. The need for new paperwork is predicated on the assumption that compliance must be verified because those being monitored have a fundamental conflict of interest with those making the policy, and hence cannot be trusted; but at the same time, the paperwork itself relies on their self-reporting as the main source of information. Every time new evidence is presented that this or that task isn’t being performed to management’s satisfaction, or this or that policy isn’t being followed, despite the existing reams of paperwork, management’s response is to design yet another—and equally useless—form.”

Kevin Carson (1963) American academic

The Desktop Regulatory State (2016), Chapter 2
The Desktop Regulatory State (2016)

Maurice Glasman, Baron Glasman photo
Rab Butler photo
Thomas Jefferson photo

“Nearly all of it is now called in by the banks, who have the regulation of the safety-valves of our fortunes, and who condense and explode them at their will.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

Letter to John Adams (1819) http://www.yamaguchy.netfirms.com/7897401/jefferson/1819.html ME 15:224
Posthumous publications, On financial matters

Stephen A. Douglas photo
Margaret Sullivan (journalist) photo

“Trump is, of course, a master of distraction and media ma­nipu­la­tion. It’s possible to resist being his chump, but it takes continued self-regulation.”

Margaret Sullivan (journalist) American journalist

Journalists in the age of Trump: Lose the smugness, keep the mission. (November 29, 2016)

Friedrich Stadler photo

“Towards the end of his life Neurath referred to the ‘mosaic of the sciences’. In the spirit of this formulation we can arrive at an understanding of his life’s work by means of a kind of collage, employing the regulative idea of the unity of science and society.”

Friedrich Stadler (1951) Austrian historian

Friedrich Stadler (1996). "Otto Neurath—encyclopedia and utopia." In: E. Nemeth & F. Stadler (Eds.). Encyclopedia and utopia: The life and work of Otto Neurath (1882–1945), Boston: Kluwer. Stadler, 1996, p. 3

Harmeet Dhillon photo
James A. Garfield photo

“I am glad to be able to fortify my position on this point by the great name and ability of Theophilus Parsons, of the Harvard Law School. In discussing the necessity of negro suffrage at a recent public meeting in Boston, he says: "Some of the Southern States have among their statutes a law prohibiting the education of a colored man under a heavy penalty. The whole world calls this most inhuman, most infamous. And shall we say to the whites of those States, 'We give you complete and exclusive power of legislating about the education of the blacks; but beware, for if you lift them by education from their present condition, you do it under the penalty of forfeiting and losing your supremacy?' Will not slavery, with nearly all its evils, and with none of its compensation, come back at once? Not under its own detested name; it will call itself apprenticeship; it will put on the disguise of laws to prevent pauperism, by providing that every colored man who does not work in some prescribed way shall be arrested, and placed at the disposal of the authorities; or it will do its work by means of laws regulating wages and labor. However it be done, one thing is certain: if we take from the slaves all the protection and defence they found in slavery, and withhold from them all power of self-protection and self-defence, the race must perish, and we shall be their destroyers."”

James A. Garfield (1831–1881) American politician, 20th President of the United States (in office in 1881)

1860s, Oration at Ravenna, Ohio (1865)

Jonah Goldberg photo
Washington Gladden photo
Joel Mokyr photo

“By ignoring and evading rather than altogether abolishing obsolete rules and regulations, eighteenth century Britain moved slowly toward a free market society.”

Joel Mokyr (1946) Israeli American economic historian

Source: The Enlightened Economy: Britain and the Industrial Revolution, 1700–1850. 2010, p. 397

Andrei Sakharov photo

“I want to emphasize that the question of regulating birth rates is highly complex and that any standardized, dogmatic solution "for all time and all peoples" would be wrong.”

Andrei Sakharov (1921–1989) Soviet nuclear physicist and human rights activist

Progress, Coexistence and Intellectual Freedom (1968), Dangers, Hunger and Overpopulation (and the Psychology of Racism)

William Murray, 1st Earl of Mansfield photo
Ian Bremmer photo

“It's not a third way between state capitalism and free markets, it is the free market way. Multi-national corporations should be the principal actors, but they should be properly regulated.”

Ian Bremmer (1969) American political scientist

"The West Should Fear the Growth of State Capitalism," http://www.telegraph.co.uk/finance/economics/7883061/The-West-should-fear-the-growth-of-state-capitalism-Ian-Bremmer.html The Daily Telegraph (July 10, 2010).

Frank Chodorov photo
Harry V. Jaffa photo
Mick Mulvaney photo
Larry Sharpe photo
Larry Hogan photo
Mao Zedong photo
John Updike photo
Éric Pichet photo
Lawrence Lessig photo

“To read is not a fair use; it's an unregulated use. To give it to someone is not a fair use; it's unregulated. To sell it, to sleep on top of it, to do any of these things with this text is unregulated. Now, in the center of this unregulated use, there is a small bit of stuff regulated by the copyright law; for example, publishing the book — that's regulated. And then within this small range of things regulated by copyright law, there's this tiny band before the Internet of stuff we call fair use: Uses that otherwise would be regulated but that the law says you can engage in without the permission of anybody else.”

Lawrence Lessig (1961) American academic, political activist.

OSCON 2002
Context: Here's a simple copyright lesson: Law regulates copies. What's that mean? Well, before the Internet, think of this as a world of all possible uses of a copyrighted work. Most of them are unregulated. Talking about fair use, this is not fair use; this is unregulated use. To read is not a fair use; it's an unregulated use. To give it to someone is not a fair use; it's unregulated. To sell it, to sleep on top of it, to do any of these things with this text is unregulated. Now, in the center of this unregulated use, there is a small bit of stuff regulated by the copyright law; for example, publishing the book — that's regulated. And then within this small range of things regulated by copyright law, there's this tiny band before the Internet of stuff we call fair use: Uses that otherwise would be regulated but that the law says you can engage in without the permission of anybody else. For example, quoting a text in another text — that's a copy, but it's a still fair use. That means the world was divided into three camps, not two: Unregulated uses, regulated uses that were fair use, and the quintessential copyright world. Three categories.
Enter the Internet. Every act is a copy, which means all of these unregulated uses disappear. Presumptively, everything you do on your machine on the network is a regulated use. And now it forces us into this tiny little category of arguing about, "What about the fair uses? What about the fair uses?" I will say the word: To hell with the fair uses. What about the unregulated uses we had of culture before this massive expansion of control?

Jeffrey Tucker photo
José Ortega Y Gasset photo
Bernard Cornwell photo
Jahangir photo
Richard Arden, 1st Baron Alvanley photo
Roger Ebert photo
Charles Grey, 2nd Earl Grey photo

“I am a great lover of morality, public and private, but the intercourse of nations cannot be strictly regulated by that rule.”

Charles Grey, 2nd Earl Grey (1764–1845) Prime Minister of the United Kingdom of Great Britain and Ireland

Letter to Princess Lieven (18 August 1828), reprinted in Guy Le Strange (ed.), Correspondence of Princess Lieven and Earl Grey. Volume I: 1824 to 1830 (London: Richard Bentley and Son, 1890), p. 130.
1820s

Thomas Chalmers photo

“O God, impress upon me the value of time, and give regulation to all my thoughts and to all my movements.”

Thomas Chalmers (1780–1847) Scottish mathematician and a leader of the Free Church of Scotland

Source: Dictionary of Burning Words of Brilliant Writers (1895), P. 438.

“Markets are social organizations, structured and regulated by more or less well-defined social rule systems.”

Tom R. Burns (1937) American sociologist

Source: The shaping of social organization (1987), p. 125.

Harriet Beecher Stowe photo
Richard Henry Lee photo
Harry V. Jaffa photo
Joseph Chamberlain photo
George Mason photo
Ismail ibn Musa Menk photo

“My beloved brothers and sisters. On the globe, several incidents have occurred that make it necessary for us to speak about them, and guide the Muslims in their regard… It's important for us to know that as Muslims, we don't understand what part of Islam these people [terrorists] are following. In fact, we don't even understand what Islam they are following, because Islam is a totally different religion from what these people are practicing… As frustrated as we might be because of what might be happening on Muslim lands, it does not give us the right to go out and hurt people who are not at all involved… If you have a problem with someone, you may report them to the authorities. And then it will handled by the courts. You will either get justice at the courts or sometimes maybe the courts may find someone that you believe is guilty, innocent. In that case, you leave it for the day of judgment, when Allah subhanahu wa ta'ala will be judge. But you do not take it into your own hands, to say now because the court has found this person innocent, and according to me the person is guilty, "Let me harm them, let me kill them, let me hurt them, let me rob from them". That is absolutely incorrect and it is un-Islamic… Two wrongs do not make a right, remember this… If someone has murdered someone else, Subhan Allah, it does not give us the right to murder a third party altogether. May Allah subhanahu wa ta'ala protect us, and may Allah grant us guidance and ease. It's important we understand this. The world is bleeding today, and people are blaming the Muslims! Because from amongst us, some are being brainwashed. Brainwashed by what? They do not understand verses of the Quran. They don't understand the Asbab al-Nuzul, or reasons of the revelation of the verses of the Quran. They don't understand how to extract rules and regulations from verses of the Quran. They read something, someone shows them something and next thing they are prepared to give up their lives. May Allah subhanahu wa ta'ala grant us an understanding. We should be giving up our lives striving to earn the pleasure of Allah subhanahu wa ta'ala through obedience, through Salah. Look at Muhammad sallā llāhu 'alay-hi wa-sallam when he went to Ta'if, look at his example. They beat him up personally, physically, he was bleeding and the angels came to him to say "If you want, we can crush these people between the mountains". What did he say? He said "I am sent as a mercy. We don't want that to happen. If they don't accept, perhaps their children will accept."”

Ismail ibn Musa Menk (1975) Muslim cleric and Grand Mufti of Zimbabwe.

Patience, Sabr... And we think that the non-Muslims are our enemies – the minute we think that, automatically we will not be able to call them towards Islam. And they will get the wrong image of Islam. My brothers and sisters, Islam, it means peace, it stands for peace, it promotes peace, it teaches peace, and everything that you will achieve is peace. In this world peace, in the next peace, in your grave peace, with your children peace, in your environment peace. That is Islam. Anything that destroys that in any way is not Islam. Remember this.
"Islam Condemns Terrorism - Powerful Reminder - Mufti Ismail Menk" https://www.youtube.com/watch?v=g6O2anxz7CM, YouTube (2015)
Lectures

Robert Costanza photo
Patrick Matthew photo
Benjamin N. Cardozo photo
Charles Sanders Peirce photo
Theodor Mommsen photo

“Caesar did not confine himself to helping the debtor for the moment; he did what as legislator he could, permanently to keep down the fearful omnipotence of capital. First of all the great legal maxim was proclaimed, that freedom is not a possession commensurable with property, but an eternal right of man, of which the state is entitled judicially to deprive the criminal alone, not the debtor. It was Caesar, who, perhaps stimulated in this case also by the more humane Egyptian and Greek legislation, especially that of Solon,(68) introduced this principle--diametrically opposed to the maxims of the earlier ordinances as to bankruptcy-- into the common law, where it has since retained its place undisputed. According to Roman law the debtor unable to pay became the serf of his creditor.(69) The Poetelian law no doubt had allowed a debtor, who had become unable to pay only through temporary embarrassments, not through genuine insolvency, to save his personal freedom by the cession of his property;(70) nevertheless for the really insolvent that principle of law, though doubtless modified in secondary points, had been in substance retained unaltered for five hundred years; a direct recourse to the debtor's estate only occurred exceptionally, when the debtor had died or had forfeited his burgess-rights or could not be found. It was Caesar who first gave an insolvent the right--on which our modern bankruptcy regulations are based-- of formally ceding his estate to his creditors, whether it might suffice to satisfy them or not, so as to save at all events his personal freedom although with diminished honorary and political rights, and to begin a new financial existence, in which he could only be sued on account of claims proceeding from the earlier period and not protected in the liquidation, if he could pay them without renewed financial ruin.”

Theodor Mommsen (1817–1903) German classical scholar, historian, jurist, journalist, politician, archaeologist and writer

Restriction on 'usury' or restrictions on the laws in relation to the collection of interest
Vol. 4, pt. 2, translated by W.P. Dickson.
The History of Rome - Volume 4: Part 2

Andrew Puzder photo

“One can only wonder when the advocates of progressive economics will realize that, despite their best efforts, you cannot regulate your way to economic prosperity.”

Andrew Puzder (1950) American businessman

The Harsh Reality Of Regulating Overtime Pay http://www.forbes.com/sites/realspin/2016/05/18/the-harsh-reality-of-regulating-overtime-pay/#22d4f5c12321 (May 18, 2016)

Nathanael Greene photo
Nigel Lawson photo
Mark Hopkins (educator) photo
Fred Polak photo
Diogenes Laërtius photo

“But Chrysippus, Posidonius, Zeno, and Boëthus say, that all things are produced by fate. And fate is a connected cause of existing things, or the reason according to which the world is regulated.”

Diogenes Laërtius (180–240) biographer of ancient Greek philosophers

Zeno, 74.
The Lives and Opinions of Eminent Philosophers (c. 200 A.D.), Book 7: The Stoics

John Kenneth Galbraith photo
Herbert Marcuse photo
Douglas Coupland photo
George Soros photo

“I made two major discoveries in the course of writing: one is a reflexive connection between credit and collateral; the other is a reflexive relationship between regulators and the economies they regulate”

George Soros (1930) Hungarian-American business magnate, investor, and philanthropist

The Alchemy of Finance: Reading the mind of the Market (1987)

David Ricardo photo
Richard Overy photo

“Internal regulation of the system by the group was thus rendered possible rather than the external regulation of individuals by supervisors.”

Eric Trist (1909–1993) British scientist

The evolution of socio-technical systems, (1981)

Timothy McVeigh photo
Thomas Carlyle photo

“It is no longer the moral, religious, spiritual condition of the people that is our concern, but their physical, practical, economical condition, as regulated by public laws.”

Thomas Carlyle (1795–1881) Scottish philosopher, satirical writer, essayist, historian and teacher

1820s, Signs of the Times (1829)

Poul Anderson photo
Nigel Lawson photo
Kenneth Griffin photo

“The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.”

Kenneth Griffin (1968) American hedge fund manager

"A Wishlist for Fixing Wall Street," New York Times (May 13, 2008) http://www.nytimes.com/2008/05/13/business/13sorkin.html?ref=business.

Adolf A. Berle photo
Peter D. Schiff photo
Gilbert Herdt photo
Diogenes Laërtius photo

“There is a written and an unwritten law. The one by which we regulate our constitutions in our cities is the written law; that which arises from customs is the unwritten law.”

Diogenes Laërtius (180–240) biographer of ancient Greek philosophers

Plato, 51.
The Lives and Opinions of Eminent Philosophers (c. 200 A.D.), Book 3: Plato

Maimónides photo

“The reason of a commandment, whether positive or negative, is clear, and its usefulness evident, if it directly tends to remove injustice, or to teach good conduct that furthers the well-being of society, or to impart a truth which ought to be believed either on its own merit or as being indispensable for facilitating the removal of injustice or the teaching of good morals. There is no occasion to ask for the object of such commandments; for no one can, e. g., be in doubt as to the reason why we have been commanded to believe that God is one; why we are forbidden to murder, steal, and to take vengeance, or to retaliate, or why we are commanded to love one another. But there are precepts concerning which people are in doubt, and of divided opinions, some believing they are mere commands, and serve no purpose whatever, whilst others believe that they serve a certain purpose, which, however is unknown to man. Such are those precepts which in their literal meaning do not seem to further any of the three above-named results: to impart some truth, to teach some moral, or to remove injustice. They do not seem to have any influence upon the well-being of the soul by imparting any truth, or upon the well-being of the body by suggesting such ways and rules as are useful in the government of a state, or in the management of a household. …I will show that all these and similar laws must have some bearing upon one of the following three things, viz., the regulation of our opinions, or the improvement of our social relations, which implies two things, the removal of injustice, and the teaching of good morals.”

Source: Guide for the Perplexed (c. 1190), Part III, Ch.28