Leave it to the market

Leave it to the market

Cry Wolf Quotes

The conflict between government standards and market demands is increased by the rollback of petroleum prices and extension of petroleum price controls at the same time. By making gasoline cheaper, congress has encouraged consumer demand for larger cars, while at the same time imposing fuel economy standards that require stronger demand for small cars.

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Lee Iacocca, then a Ford executive, and Henry Ford II, Chicago Tribune.

The principal of equal pay for equal work sounds…simple [but]….We cannot ignore the variables inherent in our private enterprise system, or give all discretion in resolving them to some single group or agency such as the Department of Labor, if we are to continue as free men and women.

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Fred C. Edwards, General Manager of Industrial Relation for Armstrong Cork Company, Testimony, House Hearing.
03/26/1963 | Full Details | Law(s): Equal Pay Act

Any figures advanced to sustain a case that extensive rate discrimination exists, are likely to be misleading because they cannot represent the full extent to which the principle of equal pay for equal work exists throughout industry. While contract provisions might show the degree to which equal pay is embodied in collective bargaining agreements, they fail to indicate the far greater number of cases where employers of their own volition paid the same rates to men and women where jobs were equal, or where an identical wage scale is applicable to men and women although no specific ‘equal wage’ provision is contained in the agreement.

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Statement of the National Association of Manufacturers at the Senate Committee on Labor and Public Welfare (Subcommittee on Labor). Aug 1, 1962.
08/01/1962 | Full Details | Law(s): Equal Pay Act

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