Delivered with humor, this talk teaches those in attendance why, from an economic perspective, government intervention in the housing market and other markets is generally bad. It may be a sprinkler requirement for homes, Basel III capital requirements for banks, higher corporate taxes, an increase in the minimum wage, or mandatory health-care requirements. Whatever it is, the effect tends to be an increase in the price of what is being regulated, and negative unintended consequences which often hurt the people the regulation is trying to help. By the end of the talk, those attending should understand what it takes to make good regulations and why this is difficult enough that regulation should generally be avoided.
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