Unintented consequences of regulation, China reigns funny, bankrupt Moldova and Trotsky on taxation

Voters frequently support measures that sound noble and beneficial but end up causing serious mischief — and often hurt the very groups the measures were intended to help.

A well-known example is price controls, which include minimum wage laws and rent control. These can cause unemployment among low-skill workers and apartment shortages for those without connections.

But that’s not all. Not by a long shot.

http://fee.org/freeman/detail/5-unintended-consequences-of-regulation-and-government-meddling


Headline from the China Daily:

China reigns in brutal police tactics” (9/9/03)

This hilarious misspelling causes China’s widest circulating English-language newspaper accidentally to have a true headline.

http://languagelog.ldc.upenn.edu/nll/?p=19929


Moldova, a country of 3.5 million on the brink of bankruptcy, risks becoming a failed state. This would increase instability on the EU’s eastern borders by handing Russia another opportunity to extend its influence in the former Soviet-sphere, as it lures Moldova into its “Eurasian Customs Union”.

http://globalriskinsights.com/2015/07/moldova-the-other-european-country-going-bankrupt/


“You ought not to forget that the credit system and the tax apparatus remain in the hands of the workers’ state and that this is a very important weapon in the struggle between state industry and private industry….

The pruning knife of taxation is a very important instrument.  With it the workers’ state will be able to clip the young plant of capitalism, lest it thrive too luxuriously.”

http://www.cato.org/blog/leon-trotsky-weapon-taxation

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