tag:blogger.com,1999:blog-6737941.post6954221305481091471..comments2024-01-14T17:27:30.511-05:00Comments on Law, Legislation, and Lunacy: Lost in the BlackDavidhttp://www.blogger.com/profile/14364155797420903461noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6737941.post-3249097391868469832007-06-21T13:54:00.000-04:002007-06-21T13:54:00.000-04:00I agree that actors in the state sector and more i...I agree that actors in the state sector and more isolated from incentive mechanisms, but they are not totally isolated. Sometimes private firms make errors. Sometimes governments create wealth. Don't make this a tautology.jeremy h.https://www.blogger.com/profile/04753755535705600755noreply@blogger.comtag:blogger.com,1999:blog-6737941.post-26004874640096720522007-06-20T22:53:00.000-04:002007-06-20T22:53:00.000-04:00If the government built something two things could...If the government built something two things could happen:<BR/><BR/>1) The thing is really cool and adds to growth (Disneyland) in which case you don't need the government to make it.<BR/><BR/>2) The thing sucks and takes away from growth thanks to opportunity costs.<BR/><BR/>Given what we know about government concerning incentives and knowledge, I'm leaning to (2). But in general the lesson is activity is no the same thing as growth, especially very localized activity (such as lots of construction in one area).Davidhttps://www.blogger.com/profile/14364155797420903461noreply@blogger.comtag:blogger.com,1999:blog-6737941.post-79956733952545256262007-06-20T20:32:00.000-04:002007-06-20T20:32:00.000-04:00I don't quite understand what you're saying. Is it...I don't quite understand what you're saying. Is it simply a condition of the government building something that has negative consequences for growth? Or is Disneyland also bad for the economy?jeremy h.https://www.blogger.com/profile/04753755535705600755noreply@blogger.com