Thursday, February 26, 2015

Kate Brown Ch 4 Q6

The topic I found most interesting was when Wheelan concludes that there are situations in which the government should get involved in order to regulate what a private sector would not be able to control. However, he discusses that it is not which situations the government monopolizes that is important, it is how they regulate each situation that will have the most effect on people. Obviously there are certain areas the government should stay away from but the more important aspect to focus on is how the government intends to regulate things. For example, Wheelan gives the example of the regulations on striped bass. He admits that this is one situation that the government rightfully stepped in on however the way they handles it was more destructive than beneficial. They enacted an aggregate quota  on the quantity of striped bass that could be caught. Although having a regulation on the quantity of fish caught was helpful in order to protect the existence of the species the cap on when the fish had to be caught proved that it is how the government regulates that is the most important.

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