Should government regulate business? According to Mitt Romney, CEO and former (and future?) Republican candidate for President of the United States, the answer is that "regulation is essential." It's just that the devil is in the details.
Regulation is essential. You can't have a free market work if you don't have regulation. As a businessperson I had to have regula[tions]. I needed to know the regulations. I needed them there. You couldn't have people opening up banks in their garage (sic) and making loans. I mean you have to have regulation so that you can have an economy work. Every free economy has good regulation. At the same time, regulation can become excessive.
- Mitt Romney, Presidential Debate, Oct. 2012
Clip with context (first 0:45):
Short clip without the qualifying hedge line at the end:
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