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Nobody wants to be against technology, but I think that regulators should not - and people should not - assume that faster is always better in markets.

I think we have to be more forward-looking when considering any legislation dealing with technology.

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

We need to question technology to insure that markets continue to perform their fundamental purposes.

I don't entirely reject the idea of efficient markets. It needs updating.

When you put in place regulations that are so burdensome, so tough, so much so that they cripple your economy, we then don't have the resources to invest in technologies that are going to make that difference, because it's just going to shut everything down. That's not going to help us as an economy.

We should favor innovation and freedom over regulation.

Technology is moving quickly. Policy is not moving as quickly.

I don't think any of us can do much about the rapid growth of new technology. A new technology helps to fuel the economy, and any discussion of slowing its growth has to take account of economic consequences. However, it is possible for us to learn how to control our own uses of technology.

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.