Tuesday, October 7, 2014

Jonathan Webb, Chapter 4, Question 6

     Reading that the Harvard economist Jeffery Sachs estimated that sub Saharan Africa would be a third times richer today if malaria had been eradicated was very interesting. Weird that if DDT wasn't banned malaria could've bee almost completely gone and have saved many lives. And the point where I think he said later, it's not if the government regulates or not but it's how they regulate it is really important. Because that carries over to his other example of Gary Becker and how many fish they were allowed to catch and taxes later on in the chapter. It's crazy to think that the government might think they're helping a huge problem when they're actually making it worse. Sometimes I get confused how the government makes these decisions, I mean each person in congress and the president need to have there own personal economist. Well the president probably does, but everyone else needs to have one. And the reason why these things happens is because politics, and that's what I think this world can be so much better. I know he mentioned politics are good but politics means people start acting for their own party and not for their country or world. Here in the US, politicians end up always at a stalemate and don't get anything done because they don't want the other party to look good. I know this got of topic but I don't know. Something that was on my mind.

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