Agency Quote by Fred Thompson
“That is, while we believe that cost-benefit analysis is an important tool to inform agency decision making, the results of the cost-benefit analysis do not trump existing law”
About This Quote
Source Speech: Congressional Hearing on Agency Regulation, 1995
Cost‑benefit analysis informs decisions but cannot override legal constraints.
In simple terms: Law trumps analysis.
Balance analysis with legal compliance.
Themes
Mood
Type
When to use this quote
- government agencies
- corporate strategy
- public projects
Key Concepts
Questions to Reflect On
- How do you prioritize legal mandates over efficiency?
- When should analysis be given more weight?
Relying solely on analysis may ignore statutory duties.