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Government spending on bureaus like the FDA, EPA, and BBB give consumers and citizens access to outlets for complaints against dirty businesses and give us a de
by vezzy-fnord 11y ago
Government spending on bureaus like the FDA, EPA, and BBB give consumers and citizens access to outlets for complaints against dirty businesses and give us a decent amount of protection against those who would harm us to gain more of those dollars you think they'd rather have in their own pocket.
Some evidence to the contrary: http://www.brookings.edu/~/media/research/files/papers/2015/07/behavioral-politics-gayer/the-behavioral-paradox-of-government-policy.pdf http://www.brookings.edu/~/media/research/files/papers/2015/...
There's always costs of utility forgone to putting upper bounds on heterogeneous consumer preferences, and as it turns out, they can be rather severe.