Think tanks

Think tanks

Cry Wolf Quotes

Maryland legislators’ good intentions do not change the fact that living wages result in job loss, particularly among the less skilled and less educated.

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Jenkins, Jill, Employment Policy Institute.
09/28/2007 | Full Details | Law(s): Living Wage

…the government has used regulatory and political pressure to force banks and other government-controlled or regulated private entities to make loans they would not otherwise make and to reduce lending standards so more applicants would have access to mortgage financing… the CRA was used to pressure banks into making loans they would not otherwise have made and to adopt looser lending standards that would make mortgage loans possible for individuals who could not meet the down payment and other standards that had previously been applied routinely by banks and other housing lenders... a law that was originally intended to encourage banks to use safe and sound practices in lending now required them to be innovative and flexible--a clear requirement for the relaxation of lending standards.

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Peter Wallison, AEI Online

A closer look at the unemployment [nearly 10 percent unemployment rate] suggests that minimum wage laws also deserve a big share of the blame….businesses are not charities and that they only create jobs when they think a worker will generate net revenue. Higher minimum wages, needless to say, are especially destructive for people with poor work skills and limited work experience.

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Dan Mitchell, senior fellow, Cato Institute.
06/15/2010 | Full Details | Law(s): Minimum Wage

[It is a] collectivist [myth that business people] would attempt to sell unsafe food and drugs, fraudulent securities, and shoddy buildings….It is in the self-interest of every businessman to have a reputation for honest dealings and a quality product.

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Alan Greenspan, writing in Ayn Rand's Objectivist newsletter.
01/01/1963 | Full Details | Law(s):