Unintended Consequences of Government Intervention

"When policy starts with a respect for individual freedom and private property rights, and recognizes the limits of government action, then policymakers are apt to enhance markets and foster productivity. But big government and the regulatory/welfare state undermine individual responsibility, encourage rent seeking, and slow economic growth. A new, special issue of the Cato Journal considers the unintended consequences of government intervention by examining a number of public policies ranging from occupational licensing to the War on Poverty to the minimum wage and public education."

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