Tuesday, May 7, 2019
Talking about the one unbreakable law...
……..The Law of Unintended Consequences. Be careful what you wish for. Interesting reading. Follow the links.
Two talents of great economists are to recognize that averages hide big differences among people, and to imagine all the avenues of substitution and unintended effects of a regulation.
-John Cochrane
But good intentions are no substitute for good policy.
-Jonathan Meer
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