Difference between revisions of "Unintended consequences"

Revision as of 21:02, July 13, 2016

Unintended consequences are unforeseen and/or unplanned negative results of an intent or plan.

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]

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 ==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. <ref>http://www.pbs.org/wgbh/commandingheights/shared/minitext/int_miltonfriedman.html#5</ref>
+*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>http://www.pbs.org/wgbh/commandingheights/shared/minitext/int_miltonfriedman.html#5</ref>
 ==References==