Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.”     Milton Friedman

September 2, 2009

Quote Of The Day

by Brad Warbiany

Kevin Drum:

The Consumer Product Safety Improvement Act makes it illegal to sell toys that haven’t been tested for lead content. In general, I think that’s a perfectly fine idea.

You know, I’ll step away from anarchism for a moment to say this.

I think, in general, it’s perfectly fine to make it illegal to sell toys that contain (over a certain trace amount) of lead.

I think mandating that everything undergo extensive third-party testing, however, is bad policy.

If you create the regulation up-front, the market will find more efficient ways to satisfy the regulation than government-forced methods.


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  1. [...] it banned to delude toys that haven’t been proven for advance content. Read more here:  The Liberty Papers »Blog Archive » Quote Of The Day Posted in Uncategorized | Tags: a-perfectly-fine, been-tested, consumer, consumer-product, [...]

    Pingback by The Liberty Papers »Blog Archive » Quote Of The Day | Allen bradley live today — September 2, 2009 @ 11:56 pm

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