Browsing the archives for the Henry Hazlitt tag.

Death by Regulation

economics, regulation

Total bliss is just one more regulation away.

Anyone who has read the Black Book of Communism knows that government kills. Death by government even has a name: democide. The staggering death toll of government in the 20th century has been estimated over 150 million people, not including wars. That means the number only includes people killed by “their” government.

Sadly, these studies ignore what Henry Hazlitt called the forgotten man. The forgotten man is not murdered in the night by government agents or starved to death by a dictator. No, he is murdered by bureaucrats who do not know or ever see him. He is killed with regulation.

For example, when the government mandates that cars have good gas mileage, car companies have to make them lighter. Lighter cars give less protection in the event of a collision, leading to more deaths each year. These unintended consequences are not limited to cars, but apply to all consumer products.

Another sad example is when the FDA outlaws potentially life saving medication.

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Obamagician

economics

The State pretends that it has the power to create wealth, peace and happiness. It writes a few magic words on a piece of legislation, waves the non-partisan wand and, presto, our every desire is realized. Sadly, many people accept this facade of the State as a magic lamp. They see politicians wishing for boondoggles and wars and think, “if I were in charge, I would only wish for good things.”

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