“We’ve found that decentralized decision-making, in which millions of independent economic actors make judgments using their own money, results in the wisest allocation of scarce resources across our complex society. And we’ve found the market to be more reliable in heeding price signals and meting out discipline to failing enterprises than government could ever be.”
— Chris Cox, SEC chairman, December 11, 2008, attempting some much needed self-regulation of the public sector.
