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Side answer. This kind of regulation lifts GDP by mandating some sort of economic activity. A barber in a room in his house means less rental, less money for co
by zo1 3y ago
Side answer. This kind of regulation lifts GDP by mandating some sort of economic activity. A barber in a room in his house means less rental, less money for commercial real estate company, less money spent buying "commercial" chairs and commercial chemicals. And thousands of other things I can't even fathom as the scope of this problem is huge and so intertwined with all other economic activity.
- JackFr 3y agoThat’s nonsense. It does not lift GDP any more than breaking windows does. It redirects labor and capital from one use to another.
- pertymcpert 3y agoWhat are you on about? It does the exact opposite. I can’t believe I’m seeing this on HN.
- zo1 3y agoWhat do you mean? This is a perfectly possible / valid theory, you're welcome to try poke at it if you're open to debate instead of dismissing me.
- pertymcpert 3y agoIt's the broken window fallacy. There's literally a fallacy named after the very thing you're espousing.