Arnold Kling  

Two Links for Hayek Fans

Book Lists and Signaling... The Common-Sense Case for Paci...

1. A New Web Site, launched by Jeffrey Friedman.

2. Glenn Harlan Reynolds writes,

The United States Code -- containing federal statutory law -- is more than 50,000 pages long and comprises 40 volumes. The Code of Federal Regulations, which indexes administrative rules, is 161,117pages long and composes 226 volumes.

No one on Earth understands them all, and the potential interaction among all the different rules would choke a supercomputer. This means, of course, that when Congress changes the law, it not only can't be aware of all the real-world complications it's producing, it can't even understand the legal and regulatory implications of what it's doing.

Read the whole thing.

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CATEGORIES: Austrian Economics

COMMENTS (3 to date)
David R. Henderson writes:

The Reynolds link doesn't work.

[I fixed it. It was just missing a quotation mark.--Econlib Ed.]

Liam writes:

Thanks, Arnold. I love Selma Hayek.

HEY!! This link is about economics!

Yancey Ward writes:

The cynic in me wants to believe this is all intentional

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