Think tanks

Think tanks

Cry Wolf Quotes

[Recycling] neither conserve[s] scarce resources nor help[s] to protect the environment.

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Cato Institute

Nonetheless, if the goal of the Coastal Zone Minimum Wage is to help low-income workers in Santa Monica, the Ordinance is worse than useless. The direct benefits of the Ordinance are more poorly targeted than in any social welfare legislation we have ever studied.

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Richard H Sander., E. Douglass Williams, and Joseph Doherty. City of Los Angeles.
10/01/2002 | Full Details | Law(s): Living Wage

Maryland legislators’ good intentions do not change the fact that living wages result in job loss, particularly among the less skilled and less educated.

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Jenkins, Jill, Employment Policy Institute.
09/28/2007 | Full Details | Law(s): Living Wage

The Community Reinvestment Act should be repealed--not reformed or restricted but repealed! For no conceivable set of regulations on a bank is consistent with the objective of the Act to meet ‘the credit needs of its entire community, including low and moderate-income neighborhoods, consistent with safe and sound operation of such institution.’ The Community Reinvestment Act was the wrong solution to a genuine problem, for the most part created by other government regulations. Until recently, federal restrictions on interstate banking and state restrictions on intrastate branching severely restricted bank competition in local markets and the potential for geographic diversity of loan portfolios. These restrictions have been substantially reduced, promising a more competitive banking system that is more responsive to the interests of both depositors and borrowers and less vulnerable to adverse economic conditions in specific regions...Don't try to fix the Community Reinvestment Act. It can't be done. Repeal it.

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William A. Niskanen, Chairman, Cato Institute. Testimony, Subcommittee on Financial Institutions and Consumer Credit, House Committee on Banking and Financial Services