An Interventionist Snowball Rolling Down the Road to Serfdom

Here are three principles we should employ if we want to distinguish between 1. The long-run effects and the short-run effects of policies and programs aren’t always the same. We might incur short-run costs in order to get long-run benefits. Similarly, short-run benefits might come with long-run costs. 2. Interventions don’t occur in isolation, and they don’t stay