Leave it to the market
Cry Wolf Quotes
You are right to be indignant. The fact is the system is not working right. It is not right when we have so many people without jobs... It is not right that we are throwing people out of their houses when we have so many homeless... [Our financial markets are] supposed to allocate capital, manage risks. But they misallocated capital, and they created risk. We are bearing the cost of their misdeeds. There's a system where we've socialized losses and privatized gains. That's not capitalism; that's not a market economy. That's a distorted economy, and if we continue with that... we won't succeed in creating a just economy.
To the extent that [this legislation] seeks to make varying warranties fit into identical standards, it discourages competitive diversity from coming into play, and to that extent fails to serve the interests of either consumers or business.
Rulemaking should not be based on conditions that existed in the past, but should be based on conditions as they exist now...we believe a temporary emergency standard would result in polarization rather than constructive definition of areas of concern and constructive problem solving.
[The proposed ‘comparable’ work standard is] so general and so vague as to give an administrator a grant of power which could destroy the sound wage structure which many industrial companies have worked for years to perfect.
