Efforts to ban fast food in Los Angeles sounds familiar…
July 29, 2008 | industry, regulation | Comments (0)While this has nothing to do with payday lending, Payday Pundit readers will find this AP story to be very familier. Replace “fast food” with “payday lenders” and you’ll see the ridiculousness of it. More elected officals using reverse Field of Dreams logic. If you ban it, they will come…
Storyline goes something like this:
Elected officials don’t like that fast food. They see think the communiy has “an extreme shortage of quality foods.”–To that end, they want to impose a moratoriam on fast food so the city can “attract restaurants that serve healthier food.” They claim the moratorium will help them lure restaurateurs and grocery retailers to area.–The industry association responds by saying that sit-down restaurants don’t want to go in. If they did, they’d be there. This moratorium isn’t going to help them relocate.”
Whether discussing restaurants or short-term credit, aren’t people better off if they have MORE choices, not fewer?
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