Sunday, January 27, 2008

Unintended Consequences

Here is an excellent article that touches on why regulation so often fails to make us better off: the law of unintended consequences. The final paragraph wraps it up nicely:

So does this mean that every law designed to help endangered animals, poor people and the disabled is bound to fail? Of course not. But with a government that is regularly begged for relief — these days, from mortgage woes, health-care costs and tax burdens — and with every presidential hopeful making daily promises to address these woes, it might be worth encouraging the winning candidate to think twice (or even 8 or 10 times) before rushing off to do good. Because if there is any law more powerful than the ones constructed in a place like Washington, it is the law of unintended consequences.


The whole article is well worth a read.

2 comments:

Anonymous said...

The World: Rethinking the Meat-Guzzler

Sorry F.M. for being such a wandelust in my reading. Your posting is excellant, but after reading the article, I read some of the articles referenced on the first page.

The title above caught my eye. I was part of the generation brought up with the false belief that meat eating was extremely important,because it provided strenght and health as well as energy.

You may agree this article is worth reading as was yours. It touches on energy use, health, and other aspects which most of use find important.

What I found interesting is the thought that there might be a need to perform a public relations campaign, mush like the one concerning cigarettes.

Thanks for bringing this page to my attention, and I promise if you reduce your reasearch for quality subject material, I will try on stay on the subject of your postings.

Anonymous said...

My misspelling in the previous posting were intentional.

Like the lines in an old man's face, I thought they would give my posting character.