Saturday, July 17, 2010

Policy matters

Maybe subsidizing bad food is part of why Americans are getting more obese? Who would've thunk that?

If you have not read it, make sure to read the oped in the New York Times the other day by CMU professor George Loewenstein : Economics Behaving Badly.  The point I think is that policy matters. The design of policy that is. That you can't hide behind the idea that people behave irrationally for when things go wrong.  Government can and does design things that lead to bad results.   or good results if you do it right.


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