Leave it to the market

Leave it to the market

Cry Wolf Quotes

…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

To the demagogue and the man of small means, who pays heavy indirect taxes where he thinks pays none, this looks like taking money from the millionaire and ‘giving it back to the people.’ To any economist it looks like eating up he seed corn, because in effect is s exactly that.

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Wall Street Journal.
02/04/1921 | Full Details | Law(s): Tax: Estate

Most economists believe that they [rich people] would spend the money and stimulate the economy.

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Gretchen Carlson, co-host of Fox & Friends.

Although there may be some inequitable situations in an industry as large as retailing, it should be pointed out that there have been conscientious efforts made to correct them. Further, in many States the situation has been corrected through the enactment of equal pay laws.

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Statement of the American Retail Federation, at the Senate Committee on Labor and Public Welfare (Subcommittee on Labor)
08/01/1962 | Full Details | Law(s): Equal Pay Act