Thursday, December 1, 2016

The government goes after piano teachers

This little story is about the FTC attacking piano teachers but its more than that. It's about the fact that there are too many government employees. There is a rule in economics that "work expands to fill the time available". Give a civil servant some free time and he will look around for a way to cause mischief, and since there seems to be no checks and balances over organizations like the FTC and the EPA, the burden of regulation grows continuously. New EPA rules are costing $1 trillion with minimal benefit. After you take care of the egregious environmental problems, solving the remaining ones is not economically justified.

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