"How do the machines know what Tasty Wheat tasted like? Maybe they got it wrong. Maybe what I think Tasty Wheat tasted like actually tasted like oatmeal, or tuna fish."
--Mouse (The Matrix)
Suppose it is decided that it is within the scope of the federal government to regulate the quality and safety of food. An agency is formed. The agency certifies producers and agency stamps appear on food products.
Are consumers likely to engage in more or less upfront study of alternatives before making food purchases when the government claims to have their backs when it comes to safety and quality?
Moral hazard colors people's decisions about what they eat.
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1 comment:
There is an alternative to reform: abandon the current regulatory process and embrace the free market that has worked so well for so long in other fields. Free-market third-party certification promises safe and effective devices—quickly and efficiently—and gives consumers the freedom to choose the amount of risk that best suits them. The market provides consumers with the full remedies and protections of our legal system, and it frees businesses from the crippling costs of undue regulation.
~Noel D. Campbell
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