Posts Tagged ‘ unintended consequences ’

First We Conquer Iceland

Mar 7th, 2012 | By | Category: Featured, International, Macro Economics, Politics
The law of unintended consequences states that actions, especially governmental ones, always have unintended and unpredictable effects. These unanticipated effects can be far more powerful than the planned ones. Thus, economists often use this law as a warning to politicians that policies commonly 'achieve' the opposite of their intentions. For ...read more

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Posted in Featured, International, Macro Economics, Politics | 3 comments


Next Up: The No-Jobs Bill

Feb 22nd, 2010 | By | Category: Featured, Morning Whiskey
Last July while many of us were in Vancouver attending the Agora Financial Symposium, the Congress of the USA passed yet another increase in the mandatory Minimum Wage. I wrote about it at the time (see Why Minimum Wage Means Maximum Slavery). In that article, I pointed out that as the ...read more

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Posted in Featured, Morning Whiskey | 7 comments


“Give Me a Boost” Now Has a Whole New Meaning

Jun 16th, 2009 | By | Category: Featured, Morning Whiskey
Texas--being as large, diverse and unique as we are--finds it quite possible to mess up in entertaining ways. More times than we care to admit, bills emerge from the Texas Legislature that are so ridiculous they make our politicians look like a bunch of untalented stand-up comedians, though the ...read more

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Posted in Featured, Morning Whiskey | 7 comments