But he makes a specious argument. He says that because in the presence of Voting Rights Acts, there is no disparity in voter turn-out, there is no need for a Voting Rights Act. Huh?
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Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
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2 comments:
Agreed. I have the same thought regarding deposit insurance.
Question: What about the GSEs? Same argument, or perhaps not?
What about training wheels?
If there are no costs to keeping the regulatory regime in place, then your argument is correct. But there are significant legal costs, and there is something wrong with treating some states as inferiors in a federal union.
Even if training wheels have accomplished something, they eventually have to come off.
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