Today’s WSJ article by Michael Marlow, economics professor at Cal Poly San Luis Obispo, and author of “The Myth of Fair and Efficient Government: Why Government You Want Is Not the One You Get” (Praeger, 2001)
- Paternalistic government regulatory proposals aren’t grounded in data or compelling economic models
- Media headlines inflate the study results
- Tax on soda would have minimal actual impact on behavior
- Such regulations that become widely recognized failures create a public cynicism for future proposed regulations
- Begs the real question for citizenry, “What should government do?”
The combined impact of myriad government regulations, even assuming ‘good intentions’ (don’t get me started), causes cynicism about effectiveness and salutary benefits of government programs.