We explore examples of positive and negative unintended consequences, what causes them, and how to navigate a world where unanticipated things happen all of the time.

Topics covered include:

• What leads to unintended consequences
• What are some unintended consequences of QE and stimulus, price controls, tax incentives, gun legislation, and marijuana legalization
• How positive unintended consequences and order can arise from the bottom up
• How recent climate legislation could lead to unintended consequences
• Why customers don't always know what they want

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Show Notes

Large rent increases squeeze metro Phoenix tenants by Associated Press—The Journal Record

Unintended Consequences by Karras Lambert and Christopher J. Coyne

The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives by Per L. Bylund

Norway reconsiders electric car privileges by Chris Randall—electrive.com

More Guns, More Unintended Consequences: The Effects of Right-to-Carry on Criminal Behavior and Policing in Us Cities by John J. Donohue, Samuel Cai, Matthew Bondy, and Philip J. Cook

Marijuana Legalization and Fertility by Sarah Papich

Japan’s latest alcohol advice: please drink more by Leo Lewis and Kana Inagaki—Financial Times

The Poverty of Historicism by Karl Popper

How the New Climate Bill Would Reduce Emissions by Nadja Popovich and Brad Plumer—The New York Times

Democrats Designed the Climate Law to Be a Game Changer. Here’s How. by Lisa Friedman—The New York Times

Economists’ Statement on Carbon Dividends; The Largest Public Statement of Economists in History—Climate Leadership Council

Why We Don't Have a Carbon Tax by Paul Krugman—The New York Times

Lean Startup and the Business Model: Experimentation Revisited by Teppo Felin, Alfonso Gambardella, Scott Stern, and Todd Zenger

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