Quotes About Regulation

The incentive of a regulator is to have complex regulation. Again, the insiders are the enemies of the less-is-more rule.

3) The regulator's incentive to make complicated regulations in order to subsequently sell his "expertise" to the private sector.

Regulators, you may recall, have an incentive to make rules as complex as possible so their expertise can later be hired at a higher price.)

Alas, it has been hard for me to fit these ideas about fragility and antifragility within the current U.S. political discourse—that beastly two-fossil system. Most of the time, the Democratic side of the U.S. spectrum favors hyper-intervention, unconditional regulation, and large government, while the Republican side loves large corporations, unconditional deregulation, and militarism—both are the same to me here.

But I also buy the opposite argument that regulating street signs does not seem to reduce risks; drivers become more placid. Experiments show that alertness is weakened when one relinquishes control to the system (again, lack of overcompensation). Motorists need the stressors and tension coming from the feeling of danger to feed their attention and risk controls, rather than some external regulator—fewer pedestrians die jaywalking than using regulated crossings.

The all-seeing government can be very nearsighted when it comes to scrutinizing the actions of its own appendages.

You can't change laws without first changing human nature... You can't change human nature without first changing the law.

There is a fine line between freedom and permission. The former is necessary. The latter is dangerous.

unwinding is, by law, painless.

Damisch Control

The Thunderhead sees just about everything, what with cameras everywhere. But it also decides what infractions are worth the effort to address and which ones are not.

There is a fine line between freedom and permission.

because no bill was, or would ever be, brought to a scythe.

did you ever consider that lsd and color TV arrived for our consumption around the same time? Here comes all this explorative color pounding, and what do we do? we outlaw one and fuck up the other.

Nothing against the law ever cease to exist.

Nothing that is against the law ever ceases to exist.

Yasalar zehirli karaborsalarda kendi zehirlerini yaratir.

For Christ's sake, if they legalized pot half the people would stop smoking it. Prohibition created more drunks than grandmother's wart. It's only when you can't do that you want to do.

lot. In addition to the behaviour that caused the crisis, major US and European banks have been caught assisting corporate fraud by Enron and others, laundering money for drug cartels and the Iranian military, aiding tax evasion, hiding the assets of corrupt dictators, colluding in order to fix prices, and committing many forms of financial fraud. The evidence is now overwhelming that over the last thirty years, the US financial sector has become a rogue industry.

Discipline is not so much the way by which we are constrained, but the way we channel our energy in a particular direction.

Gene police! You! Out of the pool, now!" "It's

Crawling eldritch horrors don't get planning permission unless they're Trump's hairpiece.)

Good government makes a market economy possible. Period. And bad government, or no government, dashes capitalism against the rocks, which is one reason that billions of people live in dire poverty around the globe.

Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.