Academics

Academics

Cry Wolf Quotes

It is simply wrong-headed policy…[Federal and state banking regulations] require or aggressively nudge banks into subsidizing parts of the community [The proposals] would only aggravate the problem.

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Lawrence J. White, a professor of economics at New York University's Stern School of Business, New York Times.

These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.

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N. Gregory Mankiw, The Boston Globe.
06/24/2001 | Full Details | Law(s): Living Wage

The problem with the Community Reinvestment Act is not its goals but its vagueness and ambiguity that have led to a nightmare of documentation, paperwork and formalized process that diverts bankers' time and bank resources from being utilized to serve our communities… we need to build a system of supervision and enforcement that encourages creativity and substance in community reinvestment lending.

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Michael K. Guttau, National Mortgage News

Minimum wage increases that even approach an average livable wage would result in significantly fewer jobs for low-wage workers. A substantial increase in the relative cost of labor will result in a reduction in the amount of labor used…

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Kavet, Thomas, Deborah Brighton, Douglas Hoffer, and Elaine McCrate. Vermont State Legislature.
11/02/1999 | Full Details | Law(s): Minimum Wage