Michael B. Duff

Lubbock's answer to a question no one asked

Three kinds of regulation

Let’s say you’re a teenager who’s just gotten his first car. The government is your Daddy, trying to set down rules that will make you a safe driver.

LIBERTARIAN DAD: You got a job and worked for this car. You can drive as fast as you want, but if you break it, you’ll have to fix it yourself.

DEMOCRAT DAD: I gave you $500 to help you pay for this car and I’ll pay half your repair costs but you are not allowed to drive it over 55 m.p.h. I can’t watch you all the time, so I’ll just have to trust you to obey the speed limit.

REPUBLICAN DAD: You used a tax refund check to pay $500 towards this car. You can drive as fast as you want and I’ll pay for all repairs.

Example #3 is called “Deregulation.”

Written by Michael B. Duff

June 15, 2010 at 09:51

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