Leave it to the market
Cry Wolf Quotes
The coal industry accepts its responsibilities for the safe operation of its mines and where regulation achieves greater safety, we have no quarrel. But, where it does not enhance safety, we believe that Federal regulation is misplaced and counterproductive. Rigid, inflexible, thoughtless regulation, no matter how well intended, can have a plainly detrimental effect on achieving a safe, efficient, and productive coal industry. It’s the overregulation and enforcement of the Act as an end in itself that has caused the coal industry most of its problems…
Now what need is there for doing this sort of thing? I hold in my hand, Mr. Chairman, a section of last night’s Star, which I have cut out. Here are six reputable loaning agencies in Washington, one of them representing the Metropolitan Life, another the Prudential, another an insurance company on its own initiative, who are loaning, and they are advertising for borrowers. Why load us with the expense and with the burden of this bill?
It is important to public health, therefore, that Government regulations should not hamstring the medical advances produced by the industry. Disease and death can result from unnecessary delay in permitting a lifesaving drug to reach the public…
When a man has accumulated a sum of money within the law, that is to say, in the legally correct way, the people no longer have any right to share in the earnings resulting from the accumulation.
