It was in the 1960s that I began the detailed study of public regulation.
Sentiment: POSITIVE
The concept of industry domination of regulatory agencies was well known and documented in the literature by the 1960s.
It was in 1969 that I was able to give up my administrative responsibility. As I worked hard my research never suffered during this period and as a matter of fact these were probably some of my most productive years.
From the mid-1970s, I also started work on the causation and prevention of famines.
I introduced the Transparency in Government Act, a multi-faceted transparency bill that would bring unprecedented access and accountability to the federal government.
In and after 1964 when I began to concern myself with the biological issues, and particularly from 1967 onwards, the extent of the problems over which I felt uneasy increased to such a point that in 1968 I felt a compelling urge to make my views public.
What the study I chaired actually said was we needed tougher regulation of cash and capital in banks, as credit was too easy. Events proved that right.
The process of getting regulations right is described publicly as far more political than in fact it is. It's essentially a legal and technical enterprise.
There are over 170,000 pages of regulations in Washington, D.C. I want to streamline the rules in the federal government to basically allow businesses to grow without fear of burdensome federal regulations. That's a passion to me, regulatory reform.
When community action was put into federal law in the early sixties as part of the effort to combat poverty and social injustice, I supported it intellectually.
The development of a political-economic framework to explore long-run institutional change occupied me during all of the 1980s and led to the publication of Institutions, Institutional Change and Economic Performance in 1990.
No opposing quotes found.