no third solution

Blogging about liberty, anarchy, economics and politics

From the Cradle, to the Grave

January 17th, 2009

An article in the Economist called The Cradle’s Costly Revenge, highlights a number of unfortunate and unintended consequences of government planning.

In Quebec, some parents are lucky enough they may leave their children with state-subsidized daycare providers, for the bargain-basement price of $5 to $7. It should go without saying that there are enough “long waiting lists” for the 200,000 day-care places that the Province plans to build another 20,000 in the next few years. In other news, “The parental-leave programme, which was forecast to require C$1 billion annually, already costs 50% more.”

Elementary comprehension of economics could’ve prevented these problems.

I notice that this paradox is a recurring theme here: If the policy makers responsible did not know elementary economics, they were unfit to make the decisions in the first place. If they did know elementary economics, then these two problems (and likely many more) are incontrovertible evidence that those in government, or rather those with the government’s ear, wielding all of its formidable power, are always prepared to lie to you in order to get what they want.

no third solution

Blogging about liberty, anarchy, economics and politics