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Posted
6/20/2008 07:50:00 PM
by Douglas
"How well does government do in helping the market to improve what it does?" asked Clifford Winston, an economist at the Brookings Institution and the author of the 2006 book "Market Failure Versus Government Failure." "The research consistently finds that, in fact, government efforts to correct market failures have little effect, or actually make things worse."Well, duh. I don't think anyone wants to kill themselves, but as long as we're taken care of, why the hell not?
"There is a tendency for people to say, 'If things are safer, then I will take more risk,' " he added. "It does not have to involve government interventions: Drugs are developed to reduce blood pressure, so people say, 'Okay, I can eat more, and it does not matter if I gain weight, because I can take this pill.'"