Policy interventions have unintended consequences

This is an interesting discussion of the impact of policies. Policy has an impact on small entrepreneurs and big business. Chess provides a good analogy for policy decisions. Sometimes a move looks really good, only to find that later it was foolhardy. This story discusses the fact that policy intervention has repercussions. Two include increased costs for customers as well as trade wars. I like this quote: “Researchers at the Peterson Institute found that the tire tariffs probably saved 1,200 jobs in the U.S. tire industry. But higher tire prices cost American consumers an extra $1.1 billion — more than $900,000 for every job saved.” I’d like to hear policy discussions where both first-order and secondary impacts are quantified.

carrier donald trump