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He referred to Adam Smith's Wealth of Nations, a classic economic tome from 1776, saying that the "invisible hand" will regulate the market without the need for regulation.
In the face of an urgent need for regulation, landlords argue for less.
Rather, he suggested that there was a need for regulation to be drawn up.
"This flies in the face of three decades of communications policy that has sought ways to eliminate the need for regulation by fostering greater competition".
That appalls Lowenstein: "Greenspan's more serious and longer-running error has been to consistently shrug off the need for regulation and better disclosure with regard to derivative products.
Following the revelations about the extent of US and British surveillance from Edward Snowden, one German commissioner said there was an urgent need for regulation.
Similar(7)
The regulated recognize the need for regulations.
There's clearly a need for regulations that streamline this process.
"I understand the need for regulations," said Mr. Rapp, who made clear his unhappiness with health department prohibitions on foraged mushrooms and noncommercial fish.
There is also a need for regulations regarding the deployment of LNG-fuelled vessels in international trade.
This report aims to demonstrate the urged need for regulations to maintain a safe non-medical prescribing process.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com