Leave it to the market

Leave it to the market

Cry Wolf Quotes

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

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

Most economists believe that they [rich people] would spend the money and stimulate the economy.

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Gretchen Carlson, co-host of Fox & Friends.

Living wage proposals are economically unfair because they change the basis on which our economy operates. Instead of allowing the market forces to determine pay, living wages put the interests of employees above all other consideration…and they base wages on what the worker wants instead of on the value of work performed.

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U.S. Chamber of Commerce, amicus brief filed with the Supreme Court of Louisiana against the New Orleans living wage ordinance.
11/21/2004 | Full Details | Law(s): Living Wage