Inconsistencies are visible when politicians claim that war is the best way to peace, and when they admit that prohibition of alcohol failed in the 1930s even as they insist that the prohibition of drugs today will somehow work.
It’s one of the most puzzling claims of the pro-regulation ideology: food makers and sellers have a weak incentive to make sure their food is safe for consumption. The briefest look at the dynamics of this food panic reveals the opposite.
What is needed is a much smaller government so that free individuals can be freer to make more of their own decisions in guiding their own lives rather than a big government with an “imperial” president arrogantly attempting to command and control them.
But despite the campaigners’ enthusiasm for the idea, smokers are known for not smoking fewer cigarettes when prices rise. Instead, they either ignore the hikes or find different ways to get their hands on nicotine products — and that includes resorting to the black market.
A federal job guarantee would be monumentally expensive, return only limited value from the participants’ work, entail administrative challenges nearly impossible to solve, and be potentially disastrous for economic growth and the private labor market.
"It seems almost impossible to rein in government. It keeps growing in size and scope in one direction after another. Why? And is there any way to reverse it?" ~ Richard Ebeling
Government subsidies and regulations are usually a mess. Each rule or payment might have its own laudable goal in a vacuum. But in many industries, aided by politics and corporate lobbying, the laws pile up on each other, twisting markets until economic logic seemingly doesn’t apply.
Many people assume that to raise wages, big companies must be dragged along by government policy. Amazon’s eye-opening announcement yesterday suggests otherwise.
No matter how good legislators’ intentions are, and no matter how much money government spends, government “solutions” are very likely to fall short of solving most of the problems they’re sold as solving. Indeed, often the result is disastrous.
The idea that Facebook will now have access to even more private information from its users may bother those who believe that what they disclose to a private organization should stay between the two of them, not between them and the government.