The Pros And Cons Of Government Intervention

Throughout American history there has been an extravagant amount of change from where things once were. Government intervention has revitalized the economy of the government and has prevented any massive destruction to our country. Without intervention our country would not be where it is currently. The advancements in technology, un-abusive labor, and safety can all be credited to intervention. Without a plan in place there is no objective to be accomplished. When plans are created, this as a result leads to progression. As for Dr. Friedman’s argument though he does make a valid point in regards to the consumer should have the choice. He makes an example of an airbag being a consumer’s choice whether to want one or not. If the consumer has the choice then therefore than can choose to resign from having an airbag and save money on their car purchase. Increased intervention has created guidelines that car manufactures have to abide by in order for their model car to be sold. These guidelines can be quite costly to suffice and as a result creates a burden on the buyer when purchasing a very expensive vehicle. So in Dr. Friedman’s argument he is valid in the extent that increased intervention has caused prices of consumer goods to skyrocket. To
Friedman’s plan of action will encourage or rather produce the four economic goals of a society. For one innovation would be put to a Holt, because it would require experimentation and advancement that inadvertently affects the price of vehicles being sold. Opportunity then would have no place in this society because it would be too costly and higher prices are NO-NO. Efficiency is hard to measure without regulation on hand, which makes it near to impossible for efficiency to occur since changes or regulations would not be present. Inefficiency then gives life to instability, which would then prove how intervention is needed in order to accomplish the four goals of an