[lbo-talk] The "Law" of Unintended Consequences WAS Re: Contradiction

Charles Brown charlesb at cncl.ci.detroit.mi.us
Mon Dec 3 06:56:00 PST 2007


>I'd go further than Doug and say it's a bedrock piece of faith on
> the
> >libertarian right that, due to the "law" of unintended
> consequences,
> >you cannot do anything to help people without hurting them more.
> It's
> >the flip side of faith in the invisible hand, and one of the most
> >pernicious ideas I've ever had to argue against.
> >
> > John A

^^^^^^^

CB: "Moral hazard" sort of shades into this when it is used to deny welfare payments to the poor. In moral hazard , bourgeois economists and financial officers express concern that financial security will make the poor and struggling workers lazy and profligate.



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