Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Wednesday, December 08, 2004

One Thing about Regulation

One thing about regulation and licensing is that they sometimes induce phenomenal creativity on the part of those being regulated. For example, in Wales, individuals are supposed to pay a license fee for their television sets. As you might expect, some people try to evade the licence fee. Here are two of the creative excuses/alibis/explanations they offered when the inspectors came to their homes.

1. "No, that's not a TV you can hear in the background, it's a tape of adverts I play to entertain the children"

2. "The TV is to keep the cat warm - we don't watch it"

for more, click here: I.C. Wales
[Thanks to John C. for the pointer]
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