Freeman

IN BRIEF

Regulation Freeze Has Fateful Typo

JULY 26, 2012

“A Republican-backed bill in the House is designed to freeze major government regulations until the unemployment rate reaches 6 percent or below. But the bill debated on Wednesday says the freeze should stay on until the employment rate equals 6 percent or less. That means there would be a freeze until the unemployment rate reached 94 percent.” (New York Times)

There are no accidents.

FEE Timely Classic
“Regulation and Productivity” by John Hospers

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Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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