Monday, October 6, 2014

Kispert Kyle, chapter 4, question 1

The topic of government regulations is brought up in this chapter and discussed through the brief story of Gary Becker and striped bass. This is another one of the countless examples in this book about how a regulation was set in place to help but actually had a negative effect. This story of the striped bass makes me think about which goods may become obsolete if they are regulated incorrectly. It's stories in like presented in this book that makes me want to do more research. I'm curious about what goods are regulated and if any incorrect regulations were not noticed until it was too late. These regulations directly affect my life both now and in the future and after reading this chapter I will pay more attention to other regulations.

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