Timely Tidbits on Unintended Consequences
The law of unintended consequences is what happens when a simple system tries to regulate a complex system. The political system is simple, it operates with limited information (rational ignorance), short time horizons, low feedback, and poor and misaligned incentives. Society in contrast is a complex, evolving, high-feedback, incentive-driven system. When a simple system tries to regulate a complex system you often get unintended consequences.
An unintended consequence of blogging is that I am about to miss a deadline, so I've got to bounce. Stay tuned for more value-added debate next week. Enjoy the weekend, everyone!