"American society experienced a virtual explosion in government regulation during the past decade. Between 1970 and 1979, expenditures for the major regulatory agencies quadrupled. The number of pages published annually in the Federal Register nearly tripled, and the number of pages in the Code of Federal Regulations increased by nearly two-thirds. The result has been higher prices, higher unemployment, and lower productivity growth. Overregulation causes small and independent business men and women, as well as large businesses to defer or terminate plans for expansion. And since they're responsible for most of the new jobs, those new jobs just aren't created. Now, we have no intention of dismantling the regulatory agencies, especially those necessary to protect environment and assure the public health and safety. However, we must come to grips with inefficient and burdensome regulations, eliminate those we can and reform the others."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Ronald Reagan, Address Before a Joint Session of the Congress on the Program for Economic Recovery, (18 February 1981)
https://en.wikiquote.org/wiki/1970s
Revision History
No revisions have been submitted for this quote.
Categories
1970s
31 quotes on TrueQuotesView all quotes by 1970s →
Related Quotes
"Then came the seventies, and the major new musical trends were (1) disco, which consisted of one single song approxim…"
"Who ever decided that Americans were so bad off in the seventies anyway? From the right-wing revisionist propaganda t…"
"Since the mid-1970s, neoliberal economic policies have increasingly pervaded rich democracies. A list of such policie…"
"Did it have to come to this? The paradox is that when Europe was less united, it was in many ways more independent. T…"
"In the 1930s, the crisis of the capitalist model had helped produce a new authoritarianism, notably in Germany, but a…"
"For a period of roughly 35 years, Keynesian theory provided a central paradigm for macroeconomists, and considerable …"
"The symptoms of this crisis of the American spirit are all around us. For the first time in the history of our countr…"
"the free-lovin' seventies, when reading and travels opened our imagination"
"Neoliberalism designates a particular strategy of class domination that uses the state to promote certain competitive…"
"I remember vividly in 1974 being in the mass of people, descending the streets in my native Lisbon, in Portugal, cele…"