Think tanks

Think tanks

Cry Wolf Quotes

The CRA, by encouraging loosening underwriting standards, may have contributed to the massive increase in foreclosure rates.

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Michelle Minton, Competitive Enterprise Institute

The important question, however, is not the default rates on the mortgages made under the CRA. Whatever those rates might be, they were not sufficient to cause a worldwide financial crisis. Once these standards were relaxed--particularly allowing loan-to-value ratios higher than the 80 percent that had previously been the norm--they spread rapidly to the prime market and to subprime markets where loans were made by lenders other than insured banks.

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Peter Wallison, AEI Online

Mandatory recycling creates waste and destroys wealth without solving any "problems." It is the equivalent of Soviet planning: the state first micromanages an economic activity and then builds an elaborate system of controls and subsidies to sustain it. Resources are wasted to generate recyclables, and then resources are wasted to encourage their use.

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Cato Institute

If a murderer kills you, it’s homicide. If a drunk driver kills you, it’s manslaughter. If the FDA kills you, it’s just being cautious…Our own federal government’s bureaucratic and apparently unaccountable Food and Drug Administration [blocked drug approvals while Americans] died in agony from a disease other nations controlled for years.

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The Washington Legal Foundation (WLF) newspaper ads in publications, including the Wall Street Journal and the New York Times.
06/21/1993 | Full Details | Law(s): Abolish the FDA