Government regulations from "summary" of Economic Facts and Fallacies by Thomas Sowell
Government regulations are often seen as a way to protect consumers, workers, and the environment from harm. However, these regulations can have unintended consequences that harm the very people they are meant to help. For example, minimum wage laws may seem like a way to ensure that workers are paid fairly, but they can actually price some workers out of the job market altogether. In addition, government regulations can create barriers to entry for new businesses, making it harder for entrepreneurs to start and grow their companies. This can stifle competition, innovation, and economi...
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