"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 ….
"I believe the majority of economists would conclude that deregulation has been successful — keeping in mind the essential point … that societal options are invariably between imperfect systems, yet where possible, even suboptimal competition outperforms regulation …."