Costs will rise
Cry Wolf Quotes
This bill fundamentally changes the entire business model of credit cards by restricting the ability to price credit for risk. It is a fundamental rule of lending that an increase in risk means that less credit will be available and that the credit that is available will often have a higher interest rate.
[The right-to-know law is] a sop to a small group of people that I would call ‘overreactors’ I know it’s going to cost a business a helluva lot of money.
These changes will generate expenses that will ultimately be passed on to patients.
Unemployment always lags behind the business cycle and is highest when recovery has begun. In such periods, when pessimism is pervasive, costly proposals are often advanced, such as public programs to create jobs, mortgage subsidies, and health insurance for the unemployed. These proposals always prove to be unnecessary since they never get fully started until recovery is going strong. Furthermore, such programs would increase the federal deficit at a time when it needs to be reduced. This would mean applying the wrong solutions, which would increase the deficit, abort the recovery, reinflate the economy and continue unacceptable high levels of employment.
Evidence
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Regulations at Work: Five Rules that Save Workers’ Lives and Protect their Health
This paper looks at five worker-safety regulations that were tremendously successful in reducing employee injuries, illnesses and fatalities.
