"Generally you don't see that kind of behavior in a major appliance."
--Dr Peter Venkman (Ghostbusters)
Classic example of the folly of government intervention in the name of 'conservation.' When extra flushes and other, um, spillover costs of smaller capacity toilets are considered, we have a classic case of government interference that reduces standard of living.
To the extent that there was buyer demand for a low water capacity toilet, market forces would have motivated entrepreneurs toward that solution.
Once low capacity toilets are mandated, then entrepreneurial incentive to innovate is flushed away...
One more reason to prefer old rather than new houses, though.
Wednesday, January 6, 2010
Straight Flush
Labels:
climate,
competition,
entrepreneurship,
entrepreurship,
intervention,
markets,
real estate
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