Attention Economy


Friday, August 24, 2018

Government Intervention in Economic Affairs - Cautionary Tales

An interesting read: Socialists of the World, Be Careful
Noah Smith notes:
“They show that it’s possible for well-intentioned democracies, with their citizens’ best interests at heart, can implement government interventions that almost certainly leave those citizens worse off than before. Progressives and socialists hoping to use government to improve the economies of the 21st century should bear these examples in mind, and take great care that their own efforts don’t end up having similar effects.”