Chapter 1 Watch, Respond, Reply

This whole concept reminded me of Bastain's Broken Window Fallacy, or when the government tries to fix a problem with the limited knowledge that they posses, only to find, in hindsight there were better opinions out there. A simple example that I thought of was the government creating an economic bubble around the housing market, hoping to improve well being, only for it to burst during 2008 and a recession to follow. The idea that the government knows exactly what is best for the economy is highly improbable, wealth is subjective and economical models cannot be measured: they are so unpredictable. Biden's idea of creating a set limit of a cars gas mileage, I assume, was done with good intent, yet by solely focusing one's effort on trying to reach the now ridged standards, the opportunity cost of other aspects grow higher. People who prefer other advantages perhaps a larger engine, a cleaner look, or technological advantages, now have to settle on a car that will lack sustainability over 100,000 miles. Their opportunity cost grows as the only option available is a car with great millage but devastating longevity and sustainability.