The Foundation for Economic Education’s Sheldon Richman once said that advocating policies when you don’t understand their unintended consequences is “the intellectual equivalent of drunk driving.” If you’re advocating price controls and don’t understand what the laws of supply and demand have to say about your proposal, you aren’t courageous or compassionate. You’re dangerous.
Yes, you really do need to work through the effects of your proposals before you insist that everyone adopts them. For example, if workers carry the burden of corporation tax then insisting that we raise corporation tax to make the rich pay more ain\’t gonna work, is it?
Or if rent control reduces the number of affordable rental homes, we might not want to introduce rent control to increase the number of affordable rental homes.
Or….well, add in your faourite politically inspired nonsense in the comments. And don\’t restrict yourself to lefty idiocy: there\’s enough political idiocy for every tribe to get some blame.