April 27, 2022
According to a recent study, sometimes highway signs can have the unintended consequence of creating what they are trying to prevent.
According to a recent study, sometimes highway signs can have the unintended consequence of creating what they are trying to prevent.
When we feel protected, safety regulations can encourage the risky behavior and unintended consequences that they are trying to prevent.
Our everyday economics includes inelasticity, supply, regulation, entitlements, subsidies, healthcare, innovation, price floor, monetary policy, euro zone.
Regulation can have unintended consequences. With football helmets or seat belts or even financial regulation, protection can create more reckless behavior.
Can we assume that seat belts make us safer? Maybe. Writing about seat belts in 1975, University of Chicago economist Sam Peltzman described what we now […]