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The Cobra Effect teaches us that good intentions can create perverse incentives. And then these incentives can undermine the good intentions that got the ball rolling, so to speak. We see the effects of this today with government farm subsidies. These came about during The Great Depression in the 1930s. Farmers were plagued with damaging surpluses because no one had money to buy the crops. This caused agricultural prices to crash to the extent that it could have endangered the nation’s food supply if it bankrupted every farmer. So as an interim solution, the government created a program to pay farmers NOT to grow crops. The only problem is, what was meant to be a temporary stopgap turned into a chronic entitlement, with no end in sight, even though it’s been nearly a century since they started. What is Creator’s perspective?
ClosedNicola asked 7 months ago • 
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