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Capitalism works better from every perspective when the economic decision makers are forced to share power with those who will be affected by those decisions.

Barney Frank

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Barney Frank
Age: 84
Born: 1940
Born: March 31
Former U.S. Representative
Politician
Bayonne
New Jersey
Barnett Frank
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Engagement
Economic
Makers
Decision
Forced
Power
Affected
Better
Capitalism
Every
Decisions
Perspective
Works

More quotes by Barney Frank

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It seems to me that politicians ought to use the same words as other people.
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When I was here there was still a requirement that students had to swim 50 yards to graduate...because Harry Elkins Widener had drowned with the sinking of the Titanic. And it made me very grateful at the time that he had not gone down in a plane crash.
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What's troubling is that the Republicans to defend Mr. DeLay are weakening the ethics process.
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I am not aware of any specific provision that mandates any tightening of lending to small business other than a requirement that people who lend and then sell that loan be prepared to take a part of the risk. And I'm proud of that.
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Well, many of us believe that excessive media concentration is a subject that ought to be addressed, and it is, of course, the intention of the majority party not to allow that to be discussed.
Barney Frank
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And I think there is too much bloviating around from politicians.
Barney Frank
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Serving in Congress is like having a second shot at high school.
Barney Frank
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I was still closeted, but from the day I decided to run for office, knowing that I was gay, I decided that I would, of course, still be closeted but that I would work very hard for gay rights. It would be totally dishonorable, being gay, not to do that. So I had that as kind of a secondary agenda.
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Ronald Reagan believes in the free market like some people believe in unicorns.
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These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis.
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It is because the fight against the harshest aspects of unrestricted capitalism is therefore a political problem and not an intellectual one that community action remains so essential.
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The single most important thing you can do politically for gay rights is to come out. Not to write a letter to your congressman but to come out.
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But here too it should be noted that the President's approach was to first ask the repressive and brutal Taliban to surrender Osama bin Laden to us, and only after that government refused to do that did we invade.
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I had always been interested in politics. I had assumed - for two reasons, being Jewish and being gay back in the late '50s, early '60s - that I would never be elected or anything, but I would participate as an activist.
Barney Frank
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Bush senior used to say that we have more will than wallet. So he urged the country to attack poverty with a thousand points of light, none of which could be eaten.
Barney Frank
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But when others suggested that the poor should not simply be the objects of these programs but also the subjects - that they should be actively involved in shaping the programs, making decisions about how to spend the money etc. - some of the previous supporters reconsidered.
Barney Frank
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Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.
Barney Frank
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There are no moderate Republicans left, with the exception of a few who would vote with us when it doesn’t make any difference,” Frank said. “It’s the most rigid ideological party since before the Civil War. … The bumper sticker I’m going to have printed up for Democrats this year is, ‘We’re not perfect, but they’re nuts.’
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I have been mislabeled as a big advocate of low-income home ownership over rental.
Barney Frank
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Legislators have a formal set of responsibilities to work together, but there's no hierarchy.
Barney Frank