Think tanks

Think tanks

Cry Wolf Quotes

The ordinance would cost the city [Chicago] nearly $20 million per year. The city would spend more than 20% of this amount ($4.2 million) on the administrative costs of certification, monitoring, and enforcement of the ordinance. This $20 million cost would require a permanent tax increase on citizens of Chicago.

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George Tolley, Peter Bernstein, and Michael Lesage.
07/01/1999 | Full Details | Law(s): Living Wage

Any way you slice it, increasing the minimum wage in Michigan… is likely to make it more difficult for the working poor to find jobs. …those who most need the work will have a harder time finding it.

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Kersey, Paul. Mackinac Center for Public Policy.
08/29/2005 | Full Details | Law(s): Minimum Wage

The Community Reinvestment Act should be repealed--not reformed or restricted but repealed! For no conceivable set of regulations on a bank is consistent with the objective of the Act to meet ‘the credit needs of its entire community, including low and moderate-income neighborhoods, consistent with safe and sound operation of such institution.’ The Community Reinvestment Act was the wrong solution to a genuine problem, for the most part created by other government regulations. Until recently, federal restrictions on interstate banking and state restrictions on intrastate branching severely restricted bank competition in local markets and the potential for geographic diversity of loan portfolios. These restrictions have been substantially reduced, promising a more competitive banking system that is more responsive to the interests of both depositors and borrowers and less vulnerable to adverse economic conditions in specific regions...Don't try to fix the Community Reinvestment Act. It can't be done. Repeal it.

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William A. Niskanen, Chairman, Cato Institute. Testimony, Subcommittee on Financial Institutions and Consumer Credit, House Committee on Banking and Financial Services

Greens have red underbellies. After the fall of the Berlin Wall, communists needed to find a new vocation, so they embraced environmental issues.

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Lawrence Kogan, director of the Princeton, N.J.-based Institute for Trade, Standards and Sustainable Development (ITSSD)