"The verdict of the great majority of economists would, I believe, be that deregulation has been a success — bearing in mind, as always, the central argument … that society's choices are always between or among imperfect systems, but that, wherever it seems likely to be effective, even very imperfect competition is preferable to regulation ….
"The judgment of most economists would likely be that deregulation has succeeded — taking into account the central idea … that society's choices are always among flawed systems, but wherever feasible, even rudimentary competition is preferable to regulation …."