Tag: unintended effects

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Accountability crime and punishment folly free trade & free markets ideological culture moral hazard nannyism national politics & policies

A Vapor’s Chance in Hell

vape, vaping, smoking, law, regulation, unintended consequence, illustration, photo

There is a big difference between government designed to protect our rights and a government tasked with protecting us from ourselves.

You couldn’t find a better example of this than the current Federal Drug Administration and its regulation of vaping.

Vaping is the imbibing of water vapor laced with nicotine and other ingredients. It is designed to replace the smoking of tobacco cigarettes. It is much, much less harmful than smoking. The genius of this innovation is that while it looks a lot like smoking, it involves no smoke. But it does involve inhaling, and blowing out wisps of … well, vapor.

It’s safer than smoking because smoking tobacco involves burning organic (and inorganic) matter, which puts tars and other chemical substances into one’s lungs.

But the competing companies that make the product are not allowed to tell us about its advantages.

New regulations of the e‑cigarette industry from the FDA prohibit a lot of truth-​telling in advertising. “Even if a few companies survive the shakeout caused by the FDA’s onerous regulations,” Jacob Sullum writes in Reason, “they will not be allowed to tell consumers the truth about their products.” It appears that “any intimation that noncombustible, tobacco-​free e‑cigarettes are safer than the conventional, tobacco-​burning kind” places them under a category that simply must “be marketed only with prior approval.”

The legal judgments Sullum quotes will make you sicker … than your first cigarette puff.

Paternalistic government designed to save us from our vices ends up blocking us from actually lessening the bad effect of those vices.

Some help.

This is Common Sense. I’m Paul Jacob.

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vape, vaping, smoking, law, regulation, unintended consequence, illustration, photo

 

Photo credit: micadew on Flickr

 

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Common Sense folly free trade & free markets general freedom national politics & policies too much government

Fifteen or Fifty or Zero?

Finding the Right Balance

Washington Post columnist Catherine Rampell just stumbled into a truth. Raising minimum wages could be disastrous. Depending on the rate.

While “Bernie Sanders, Martin O’Malley and a host of other well-​intentioned liberals want to hike the federal minimum wage to $15 an hour,” she calls the proposal “badly misguided.”

And yet she says that the current federal wage floor, at “just $7.25 an hour … is absurdly low.”

Why, this Friday, she notes, marks six years since the last minimum wage hike!

Rampell recognizes that raising the minimum wage to $50/​hour would cause unemployment, massively. She also realizes that, in many low-​wage states, the mere $15 rate would do the same. But raising “the federal minimum wage to $10.10”? Might work! “This is a trade-off …”

Yes. Stop right there. Trade-​offs, indeed.

She wants us to think about getting the rates right.

Employers and job-​seekers do that already, in the marketplace. If businesses don’t pay enough, the workers will move on to employers who will. Force businesses to hire workers for more than their productivity? Unemployment results.

A minimum wage rate helps some and hurts others. Rampell admits that, appearing to “accept” 500,000 people losing their jobs as collateral damage to boost wages for others.

Her proposed fine-​tuning of rates supposes that politicians have greater knowledge about the “proper” price of labor than employers and job-​seekers. Moreover, she ignores the inevitable political game, whereby politicians take credit for rewarding some, while hiding the costs imposed on others.

Finding the “right minimum wage” rate is mainly about hiding the victims … so voters won’t notice.

This is Common Sense. I’m Paul Jacob.

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Finding the Right Balance

 

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free trade & free markets too much government

Wind Turbine Blues

I’m all for alternative sources of energy … providing that they actually produce enough to cover their costs.

Sad to say, it’s beginning to look like wind power is for the birds, if not the bats.

One big fear some people had about wind turbines was that they might kill too many birds. Think giant food processors in the sky.

But it turns out that the bigger danger is to bats. Dead bats are found all around wind turbines. Why?

Wind pressure. The poor little creatures can’t stand the quick change in air pressure around those spinning blades.

Meanwhile, the Massachusetts Technology Collaborative, the government agency overseeing the state’s rebate programs for alternative energy, has put a halt to subsidizing small wind turbines. No more bucks for housetop windmills, folks.

The agency sponsored a study that has calculated that the average energy output for the turbines reviewed was no more than 27 percent of what installers had projected. It could be worse, and sometimes is. In Britain, a study found that some poorly placed turbines sucked up more energy converting current from DC to household AC than produced, making them economic and energy sink holes.

We should remember, when activists start talking about revolutionizing things, that subsidies are for the birds, and technology based on hope alone, bats.

It’s from successful business operations that future revolutions come, not from mere wishful thinking. Or any amount of government subsidy.

This is Common Sense. I’m Paul Jacob.