Month: November 2010
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Unintended Consequences: legislation as the problem not the solution
Examples of government policies that produce significant unintended consequences.
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Robin Hood
Arguments that espouse taking from the rich and giving to the poor act as if this is a zero sum game being played. Under this frame of mind you can take surplus from the rich and give it to the poor and the total income of the population will not change. However, we know that…
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Advice from long ago to avoid the financial crisis
Government-guaranteed home mortgages … force the general taxpayer to subsidize the bad risks and to defray the losses.