Difference between revisions of "Unintended 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. [http://www.pbs.org/wgbh/commandingheights/shared/minitext/int_miltonfriedman.html#5] | *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. [http://www.pbs.org/wgbh/commandingheights/shared/minitext/int_miltonfriedman.html#5] | ||
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Revision as of 21:57, April 11, 2009
Unintended consequences are unforeseen and/or unplanned negative results of an intent or plan.
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]