Michael Munger on Exchange, Exploitation and Euvoluntary Transactions
EconTalk
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Should We Ban Trans Fats?
If they can imagine a kind of world that those choices would not be possible, they want to make the choices outlawed. So you have mandatory education so my grandfather in 1910 shouldn't have been allowed,. This person would argue, to drop out of school because that's a bad thing. And I think the economist answer is we don't know how to create that world in 1910. We didn’t know how to do it. What about the regret issue? Should we ban trans fats? A lot of these are often, some of these are so-called do-goodisms. It's somebody pushing their own self-interest, cloaking it in kindness.
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