Sunday, April 14, 2013

INSERT ANY ISSUE

INSERT ANY ISSUE: In the name of protecting consumers, government raises the safety standards that must be met by all firms supplying good X. Members of ideological group A, along with executives of the regulated firms, complain that this regulation – being costly – discourages the supply of X and, thereby, harms the very people that the regulation is ostensibly meant to help. These opponents of the regulation accuse its proponents of naively assuming that the regulation’s consequences will be only those happy ones trumpeted by the government officials who impose the regulation. Members of ideological group B, along with the government officials who impose the regulation, deny that any such unintended negative consequences will result. These proponents of the regulation accuse its opponents of telling hysterical scare stories meant only to frighten the public into rejecting common-sense safety rules that no legitimate supplier will have any trouble meeting and that will clearly promote the public good.

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