November 29, 2016 by Chris
Canadian Cheese Bandits and the Law of Unintended Consequences
A recent article from Canada’s National Post highlights the unintended consequences of government meddling in the dairy industry, including black markets, market inefficiencies, inflated costs of living, shortages, barriers to entry, and government mandated destruction of usable product.
The short and sweet vignettes merit a close read. Amusing on their face, they reflect a serious example of regulatory overreach in the dairy industry, of which the US is not immune. It’s about time policy makers revisited the exceptional status of the dairy industry under dated 20th century laws.