Difference between revisions of "Unintended consequences"
(re: the Great Depression) |
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| + | '''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. | ||
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==The Great Depression== | ==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. | + | *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.<ref>https://www.pbs.org/wgbh/commandingheights/shared/minitext/int_miltonfriedman.html#5</ref> |
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| + | ==References== | ||
| + | <references/> | ||
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| + | [[Category:Terms]] | ||
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]