December 29, 2003

Bainbridge has a good one on mad cow disease and regulation (via the Carnival of Capitalists). Quotable:

There is no perfect solution here. The inherent inadequacies of regulation cannot justify ignoring demonstrated market failures, but both liberty and efficiency values counsel that we view any regulatory regime with a skeptical eye. A world-weary sigh is about the best option I can come up with. On food safety, as with many other issues, I trust neither markets nor regulators .. So what's for dinner? I'm going to go on eating beef, but I'm going to buy organically farmed and vegetarian fed beef whenever possible (even if I'm skeptical about the veracity of those labels).

UPDATE: Dan Drezner has more helpful thoughts on Mad Cows and Regulations.

Posted by Greg Ransom | TrackBack