Regulated Quotes
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Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.
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In the theory of psycho-analysis we have no hesitation in assuming that the course taken by mental events is automatically regulated by the pleasure principle. We believe, that is to say, that the course of those events is invariably set in motion by an unpleasurable tension, and that it takes a direction such that its final outcome coincides with a lowering of that tension that is, with an avoidance of unpleasure or a production of pleasure.
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God is not regulated to 30 minutes of accessible group singing.
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It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion.
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If it isn't properly regulated, if people do make false claims, if we find that the market is undermined, it will be very damaging to consumer confidence in the organic sector generally.
