" We owe it to consumers to treat their dollars with respect and to double- and triple-check our assumptions about complex marketplaces rather than getting locked into a regulatory tunnel vision that will ultimately leave consumers with fewer, more expensive choices. "
- Michael O'Rielly

In simple terms, the quote suggests that businesses and policymakers need to respect how consumers spend their money by thoroughly examining assumptions about complex markets before enforcing rigid regulations. This means ensuring that decisions made do not inadvertently limit consumer options or drive up prices.

Looking deeper into the statement, Michael O'Rielly emphasizes the importance of careful analysis in a rapidly changing marketplace where technology and consumer preferences evolve quickly. He argues against hasty regulation without sufficient understanding of market dynamics, which could stifle innovation and reduce competition. By advocating for rigorous scrutiny before regulatory action, he aims to protect consumers from unintended consequences that might arise from overly restrictive policies. This perspective underscores the need for a balanced approach that fosters both consumer welfare and business growth.

Michael O'Rielly is a Commissioner at the Federal Communications Commission (FCC) in the United States, where he has been serving since 2013. Known for his expertise in telecommunications policy, he frequently addresses issues related to broadband deployment, media ownership rules, and privacy concerns. His insights often reflect a nuanced understanding of regulatory challenges that balance technological advancement with consumer protection.