Car Seat Regulations and Unintended Consequences

Carney: Maybe we were right to be cynical earlier. The car seat situation is a perfect illustration of the insidious way we sometimes settle for solutions that satisfy everyone except the constituency those solutions were intended to help, up to and including children who aren't ever born. So this idea that well meaning regulations that might have some benefit have unintended costs that could seed the benefit is so fundamental to the way economists approach policy problems....