Posted tagged ‘Animal spirits (Keynes)’

Government Intervention Distort’s Market Signals, Unintended Consequences are the Result.

October 23, 2012
Unintended Consequences by John Ross, 1996

Unintended Consequences by John Ross, 1996 (Photo credit: Wikipedia)

When Government tries to steer the economy, unintended consequences happen because individuals don’t act the same after Government steering as they did before. The only way central planners have a chance to make their plans work is if people are made to act the way planners want. The only way to make people obey is to have a totalitarian state which can enforce the rules of the central planners. Even though our individual freedoms have been slowly taken away over the last fifty years, enough of a free market remains allowing us to make enough individual decisions, which ultimately thwarts the plans of the planners. Each of us (more…)