4 ms·
I'm pretty sure it was intended to do just what it did do - protect entrenched interests. But I agree that it did the opposite of the claimed intention. Which i
by glenra 12y ago
I'm pretty sure it was intended to do just what it did do - protect entrenched interests. But I agree that it did the opposite of the claimed intention. Which is often the case for legislation.
https://en.wikipedia.org/wiki/Bootleggers_and_Baptists https://en.wikipedia.org/wiki/Bootleggers_and_Baptists
The real question is, who were the "baptists" in this coalition? Were there any non-doctors who honestly believed having too much capacity would make prices go up? And if there were, where did these people learn economics? :-)