Quotes: Index by Author
A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - ZMarisa Manley Quotes 1-3 out of 3
In ancient Babylon, Sumeria, Egypt, China, Greece, and Rome, for instance, price controls promoted not fairness but famine. During the twentieth century, central banks were supposed to help safeguard economies, but they brought on the worst inflations and depressions. Alcohol and drug prohibition, intended to enforce moral behavior, contributed to escalating violence.
Banking laws backfire, too. The savings and loan crises developed because in the early 1980s Washington increased deposit insurance to $100,000 at no cost to individual savers. This encouraged them to put their money wherever it would earn the highest interest, regardless of how unsound a bank’s lending policies might be. The result, of course, was the debacle whose costs soared into the hundreds of billions of dollars. Such costs should have been borne by those who chose to take the risks. Instead they were imposed on innocent taxpayers who never put any money in an S&L.
Consider compulsory school-attendance laws, for instance. They fill government schools with children who don't want to be there. Some students are violent, attacking -- and even killing -- teachers and other students. Teachers must lock their classrooms to keep hoodlums at bay in the hallways. Thus, compulsory attendance laws, alleged to promote education, can make it almost impossible.
Marisa Manley Quotes 1-3 out of 3
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