Difference between revisions of "Unintended consequences"
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| − | '''Unintended consequences''' are unforeseen and/or unplanned | + | '''Unintended consequences''' are unforeseen and/or unplanned results of an intent or plan. In most cases, the term is used when referring to negative consequences. |
==The Great Depression== | ==The Great Depression== | ||
Latest revision as of 18:01, August 27, 2021
Unintended consequences are unforeseen and/or unplanned results of an intent or plan. In most cases, the term is used when referring to negative consequences.
The Great Depression
- The Federal Reserve system had been established to prevent what actually happened. It was set up to avoid a situation in which you would have to close down banks, in which you would have a banking crisis. And yet, under the Federal Reserve system, you had the worst banking crisis in the history of the United States. There's no other example I can think of, of a government measure which produced so clearly the opposite of the results that were intended.[1]