Like what you've read?

On Line Opinion is the only Australian site where you get all sides of the story. We don't
charge, but we need your support. Here�s how you can help.

  • Advertise

    We have a monthly audience of 70,000 and advertising packages from $200 a month.

  • Volunteer

    We always need commissioning editors and sub-editors.

  • Contribute

    Got something to say? Submit an essay.

 The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
On Line Opinion logo ON LINE OPINION - Australia's e-journal of social and political debate


On Line Opinion is a not-for-profit publication and relies on the generosity of its sponsors, editors and contributors. If you would like to help, contact us.


RSS 2.0

Regulations are down but not out

By Darren Nelson - posted Wednesday, 6 June 2018

8. Repeal existing regulations before adopting new ones

9. Enforcing property rights can be superior to regulation

10. Hands off the Internet (the digital economy abhors regulation)


Note that each of the core chapters of Ten Principles broadly address three types of questions:

What is this principle exactly?

Why is this principle important?

How is this principle applied?

Chapter 1 entitled "Regulations seldom solve problems", as do other chapters, mainly draws upon the great thinkers from three free-market friendly schools of economics – ie Public Choice or Virginia, Chicago and Austrian. This chapter, for example, quotes David Friedman (the son of Milton Friedman) who wrote:

Refusing to license the less qualified 50% of physicians may raise the average quality of physicians but it lowers the average quality of medical care. It does not mean that everyone gets better medical care but that half the people get no care [at all] or that everyone gets half as much.


Chapter 2 entitled "Beware of unintended consequences", for example, quotes Robert Bradley as follows:

The deeper the cumulative process, the more unintended and unforeseen the regulatory process becomes. At some point the unforeseen turns into the unforeseeable; the total surprise that is so unique that it is beyond what could have learned through past experience.

Chapter 3 entitled "Regulations frequently redistribute income and power", for example, quotes Murray Rothbard who states:

  1. Pages:
  2. 1
  3. 2
  4. Page 3
  5. 4
  6. All

This article was first published by Townhall.

Discuss in our Forums

See what other readers are saying about this article!

Click here to read & post comments.

3 posts so far.

Share this:
reddit this reddit thisbookmark with Del.icio.usdigg thisseed newsvineSeed NewsvineStumbleUpon StumbleUponsubmit to propellerkwoff it

About the Author

Darren Brady Nelson is an Austrian School economist, conservative-libertarian and Christian who lives in Brisbane Queensland but is originally from Milwaukee Wisconsin.

Other articles by this Author

All articles by Darren Nelson

Creative Commons LicenseThis work is licensed under a Creative Commons License.

Article Tools
Comment 3 comments
Print Printable version
Subscribe Subscribe
Email Email a friend

About Us Search Discuss Feedback Legals Privacy