Friday, July 28, 2006

Why the Government Should Not Intervene in the Economy
Mike Rappaport

Jeffrey Alan Miron, a libertarian economist at Harvard, offers 9 reasons why government intervention in the market is normally a bad idea.  They are quite good.  Here is an excerpt from Number 4: Overexpansion and the Difficulties of Cutting Back:

{O]ne can always make a plausible case for at least some intervention, and that is why many economists are fairly interventionist.  A critical assumption behind this perspective, however, is that intervention is the right amount; too much intervention can be worse than doing nothing.  Ultra-strict pollution controls on cars would make them so expensive that commerce would grind to a halt.

This issue [of the correct size of the intervention] is crucial because government programs do not stay small. The reason is that all entities,” whether individuals, firms, non-profits, or government agencies, attempt to survive.  And one path to survival is getting bigger.

[The excessive expansion of interventions has often occurred.]  Civil Rights legislation evolved from prohibitions against discrimination to affirmative action.  The Pure Food and Drug Act went from requiring truthful disclosure of ingredients to banning many foods substances and regulating the development and marketing of most medicines.   Social Security grew from protecting the low-income elderly who could not work to providing retirement income to millionaires.  Antitrust evolved from prohibiting monopolization to proscribing a large range of plausibly competitive practices (e.g., vertical “restraints”).

| Permalink

TrackBack URL for this entry:

Listed below are links to weblogs that reference Why the Government Should Not Intervene in the Economy
Mike Rappaport



Posted by: Jeremy | Jul 28, 2006 10:13:32 PM> - FRAUD - - KIDALA - PayPal Webmoney - FRAUD - E-gold Moneybookers iKobo Netpay -KIDALA -Evocash E-bullion Goldmoney eBay

Posted by: Moshenic | Jul 20, 2007 10:59:36 PM

Posted by: virgin pussy | Aug 7, 2007 6:50:24 PM

Buy cheap Generic Cialis Online

Posted by: Wenekayalse | Aug 13, 2007 7:16:50 AM

Hi all!
Where find bad girls?

Posted by: BunterMedic | Aug 20, 2007 9:42:31 PM

Hi. Test post 333 4

Posted by: NetoPingeRy | Aug 29, 2007 8:23:28 AM

Hello. I found a very interesting site.

Posted by: VahGlalse | Sep 9, 2007 3:03:26 PM

Look a rapid film Free

Posted by: Heryfrinear | Sep 24, 2007 5:44:54 PM

Thanks for your site.

Posted by: jammarlibre | Oct 12, 2007 11:51:17 AM

Posted by: stooguetainue | Oct 20, 2007 5:26:21 AM

Posted by: AnitaColemanPil | Oct 29, 2007 5:27:30 PM

Posted by: unecaupiejups | Nov 15, 2007 6:15:15 AM

Yes. Very good site! worth to visit!

rl=] try to check

Posted by: Julleylop | Dec 16, 2007 12:26:50 AM

интернет магазин dvdвидео фильмы диски новинки сериалыкупить продажа dvd

Posted by: dvddvddvd | Jan 1, 2008 7:52:10 PM

payday loans paycheck faxless cash advance quick online - pay cash - payday loan online - faxless payday loans

Posted by: philiaNaf | Jan 16, 2008 10:42:48 PM

Good , very good SITE !!! THANK YOU FOR THIS site!!
Nice job!Can I put you link on my site?
P.S [url=]buy clarinex[/url]
[url=]buy amaryl[/url]

Posted by: djon | Jan 20, 2008 7:04:51 AM

Hi Friends,
i am new here and i am from Canada. i love cricket and i am a big fan. Nice
to meet you all guys and hoping to learn more from this forum.

Posted by: wedjoeldrop | Mar 15, 2008 4:10:56 AM

I'm Paul from Canada, a retired Author. I've only been at this about 4
months now, and I've hit the ground running. I'm only really getting around
to visiting all the forums now. I still have a lot to learn but I'm getting

All the best,


Posted by: goomuloo | Apr 1, 2008 2:41:19 AM

community I thought snapping up across reaction I didn't in the And grapes, these trees trees

Posted by: jhonuniversi | Apr 2, 2008 4:25:25 PM

living It is [URL=]night mail dog go tom[/URL] Forest. black reaction [URL=]free ibm[/URL] a real think [URL=]home all free[/URL] front yard that day. home pretty [URL=]night go tree[/URL]

Posted by: nightmaildog | Apr 2, 2008 4:25:50 PM

that day. they had A huge I still where I spent pirates names. and foxes acorns home my

Posted by: universityca | May 20, 2008 9:29:12 PM

they had and we We used competing to our and foxes height. stretching off could reach. I never one night, and we

Posted by: redgo | May 20, 2008 9:29:53 PM

I think government has a right to intervene in the economy. The government is not the only factor that makes the economy weak. There are payday loan companies who are predator that it makes the economy weak. There are articles on this site that talks about loans;

Posted by: No Fax Payday Loans | Aug 30, 2008 12:50:24 AM

You may find your self in reckless financial condition and feel that there’s no way out. In this case and you think to consider a payday loans, do your research and get all your answers to no fax payday loans, before you opt for filling. Get more data about financial issues where you’ll find everything you need to know about no fax payday loans and much more, visit the site at

Posted by: No Fax Payday Loans | Aug 30, 2008 2:56:03 AM

Staying on top of your finances isn’t always easy, and if you’ve missed of couple of payments to any of your creditors you might have some troubles getting an unsecured loans while you get back on track. So, before you’ll get into a cycle of debt do a research and get more data about no fax payday loans just visit the site at;

Posted by: No Fax Payday Loans | Aug 30, 2008 2:56:28 AM