Government regulations often have unintended consequences from "summary" of Free to Choose by Milton Friedman
Government regulations, no matter how well-intentioned, frequently lead to outcomes that were not anticipated by those who devised them. For instance, when the government sets a minimum wage, the goal is typically to ensure that workers are paid fairly. However, this can have unintended consequences, such as causing employers to reduce their workforce or cut hours to offset the increased labor costs. As a result, some workers may find themselves worse off than before the regulation was put in place. Similarly, regulations designed to protect consumers from harm can sometimes backfire. For example, when the government imposes strict safety standards on automobiles, the cost of producing cars goes up. This, in turn, can lead to higher ...
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