Originally Posted by footstepsfrom#27
Question: How exactly do you know they have "no concept" in determining where to appropriate funds? I need a definitive answer to this question, because it's been raised several times in here as some kind of new codified axiom of economics, so it deserves to be specified how this information has been obtained.
Easy one first, government shouldn't be in the business of regulating success. When they meddle in things that are not benefiting the constituency as a whole, they tend to bend to special interest regulating our freedom as they see fit. This allows for corruption and damaging results to otherwise legal businesses.
Past examples of unintended circumstances was the government's plan to push ethanol, farmers would rather grow the crappy corn for fuel then food forcing the price of food high hurting poor family and countries the most.
The Community Reinvestment Act with good intentions got hijacked leading to the sub prime mess.
Recent legislation over the credit card legislation there are two sides to this story, and in the end, the unintended circumstances will hit hard.