Regulate It First, Learn About It Never

Politicians and regulators usually don’t know what they don’t know about everything from health care to your small business, but that sort of compound ignorance won’t stop them from regulating the minutiae of everyday life and commerce.

Source: mises.org

Goes on to say, "…“Compound ignorance is the type of ignorance in which we are not aware that we are not aware.” It arises when “we don’t realize what we don’t know.” In government, however, such “unknown unknowns” often lead to untrammeled confidence among politicians, despite the certainty of error."… 

Is that ever true.

See on Scoop.itEconomicFactors

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