America Quote by Wilbur Ross
“There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions.”
About This Quote
Source Speech: Financial Regulation Forum, 2020
More regulation does not guarantee better outcomes; even heavily regulated sectors can fail due to poor decisions.
In simple terms: Regulation alone can't prevent failures.
Key Takeaway
Focus on decision quality, not just rules.
Themes
regulation
risk management
financial stability
Mood
skeptical
analytical
Type
policy analysis
economic critique
When to use this quote
- banking
- investment
- policy making
- corporate oversight
Key Concepts
systemic risk
governance
incentives
Questions to Reflect On
- What safeguards can complement regulation?
- How can incentives be aligned to reduce risky behavior?
A Different Perspective
Regulation may be insufficient without effective enforcement and culture.
![“I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. [salutes]” quote by Bill Hicks](https://sms4smile.com/quotes/img-quotes/3d2/bill-hicks-970_america_i-ll-smoke-i-ll-cough-i-ll-get-the-tumor_655.jpg)
