Leave it to the market

Leave it to the market

Cry Wolf Quotes

If raising the minimum wage to $12 or $15 per hour will raise the standard of living for the working poor, why stop there? Why not raise the standard of living for the middle class as well by increasing the minimum wage to, say, $25 an hour? If we raised it to $100 an hour, we could have the best standard of living in history!

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Summers, Adam, Orange County Register.
08/18/2003 | Full Details | Law(s): Minimum Wage

Legislation likely to result in higher interest rates for consumers is not the answer. [This bill] would broadly constrain the ability of financial institutions to price risk, likely resulting in less access to credit and in higher interest rates for consumers.

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The Bush White House’s statement, CreditCards.com.

A mortgage is just one of the things that you cannot guarantee. When the real-estate market completely goes to the bad and crashes, there is not money enough in this country or any other country to sustain mortgages at an even level. They have got to take the go-down, just the same as any other security or any other commodity.

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Harry E. Karr, Real Estate Board of Baltimore, Testimony, Committee on Banking and Currency. Senate.
05/16/1934 | Full Details | Law(s): National Housing Act

Shoulder harnesses and head rests are complete wastes of money.

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In a secretly taped meeting with Nixon, future Chrysler CEO Lee Iacocca. National Archives Nixon Project.