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Cobra Effect

Economics

Government interventions and the Cobra effect – Part II

9th December 2021 Going Postal 8795 Comments

Unsound money, unsound society  Of course, one of the most important and consequential parts of the incredibly complex organism that is the economy is money itself. It is its lifeblood and as the song goes, “it [more…]

Economics

Government interventions and the Cobra effect – Part I

1st December 2021 Going Postal 4612 Comments

Almost two decades ago, German economist Horst Siebert coined the term the “Cobra effect” to describe the real-world consequences of “well-intentioned” government interventions that go awry and produce the exact opposite results from what they aim for. [more…]

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