In the first installment of
“Cataloging Washington’s Hidden Costs,” the topic was loss of liberty;
in Part 2, unmeasured economic costs.
Regulators assume their regulations create net benefits; here I note that those
benefits may really be costs.
Governmental decisions, not just private action, can
adversely impact health and safety. The ways risks are best identified,
prioritized and society made safer and healthier have not all been discovered
by beltway residents. The means to address them all do not necessarily lie
within government’s ambit.
The nanny state that believes otherwise is sometimes
explicit; other times, it seeks to “nudge” us toward ends that
it sees fit. For our own good, of course.
Benefits are best seen as forms of wealth. When
“regulation” as a phenomenon removes values like risk reduction, or privacy, or
cybersecurity, or safety from the competitive pressures required to advance
them, agencies undermine the actual “regulation” that needs to take place in
society…..To Read More…
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