Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
We have had several young men start out as secretaries and later rise to positions of importance. …When these young men started, and as they progressed, I am certain that their wages were higher than some female secretaries doing equal or superior work. But we also knew that there was a possible potential of their rising to more important jobs, supervising a large number of men. If this law is passed, we will hire women for all secretarial positions and be deprived of this avenue of advancement.
[The bill], while well-intentioned, will increase the cost of credit for consumers and small businesses across the country, result in less access to credit for consumers and businesses alike, and may further roil the securities markets -- all at a time when our economy can least afford it.
[Estates] are valuable only for what they can produce. If seized by the government they can produce nothing, and if such seizures increase in amount beyond a reasonable limit they must prove not only valueless in themselves but must destroy the sources of production which otherwise would continue to finance the government and provide for the people.
Because of our guilt—and because of the media’s espousement (sic) of the movement—laws were passed which asked industry and the American consumer for the impossible. The members [of Congress] admitted they did not know what could actually be done to clean up our environment, how long it would take or how much it would cost. But they went ahead anyway in the spirit of political expediency to ramrod through measures that would affect millions of people and billions of dollars…
