Posts Tagged ‘Unintended Consequences’

Political Boundaries

Uncle Sam with empty treasury, 1920, by James ...

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Don Boudreaux hits the nail on the head:

Most modern “liberals” believe that domestic economic problems are caused chiefly by unsavory characters – “business people” – who impose their destructive rule on masses of innocent workers and consumers yearning for more prosperity, and that the best solution to these problems is government force deployed using armies of regulators to subdue these bad guys and to keep close watch over them and their successors.  Failure to intervene is immoral.  These same “liberals,” though, believe that foreign problems are typically the result of complex forces that can be understood only poorly by American-government officials; it is naïve to suppose that even well-intentioned foreign intervention by Uncle Sam will not have regrettable unintended consequences.

Most modern conservatives believe that domestic economic problems are typically the result of complex forces that can be understood only poorly by government officials; it is naïve to suppose that even well-intentioned economic intervention by Uncle Sam will not have regrettable unintended consequences.  These same conservatives, though, believe that problems in foreign countries are caused chiefly by unsavory characters – “dictators” or “tyrants” – who impose their destructive rule on masses of innocent people yearning for more democracy, and that the best solution to these problems is government force deployed with armies of soldiers to subdue these bad guys and to keep close watch over them and their successors.  Failure to intervene is immoral.

Yep! Either way, we’re going broke!

Mandatory Bad Customer Service

A member of the audience holds a "Thank Y...

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But under the new health care law, health insurance companies are supposed to act as pure conduits between premium-payers and health-care providers. So what the new “health care reform” law does is provide incentives for health insurance companies to cut back on customer service.

via Mandatory Bad Customer Service, Arnold Kling | EconLog | Library of Economics and Liberty.

The law of Unintended Consequences continues to ravage Obamacare.