Conservative media

Conservative media

Cry Wolf Quotes

If you compare what the card industry looked like 20 years ago to how it looks today, you’ll be astonished at how much better a deal consumers are lately getting. And government regulation isn’t what drove the improvement; free-market innovation and competition, did. Twenty years ago, all consumers paid the same interest rate—and it wasn’t low (19.8%).

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Thomas Brown, financial columnist, Bankstocks.com.

The Community Reinvestment Act (CRA) did the same thing with traditional banks. It encouraged banks to serve two masters -- their bottom line and the so-called common good… By pressuring banks to serve poor borrowers and poor regions of the country, politicians could push for increases in home ownership and urban development without having to commit budgetary dollars. Another political free lunch.

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Russell Roberts, Wall Street Journal.

Confiscation of private wealth does not make the public or even its agent, the government, rich. It does not create equality of wealth, but an equality of poverty.

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Chicago Daily Tribune.
01/17/1932 | Full Details | Law(s): Tax: Estate

Every school child knows you don't raise taxes in a recession unless you want to make it worse.

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Editorial, The Wall Street Journal's arguing against Reagan’s TEFRA tax hike.