Making decisions based on morals seems like the right thing to do. But doing so often makes us miss the unintended consequences and externalities we create. To improve your decision-making, think through all of the ramifications of your choice. Politicians and special interest groups often justify economic policies based on moral grounds. But, when our moralistic ideals blind us to these policies' actual results, we make our situation worse. So, the best course of action is to not focus on achieving a moral outcome. But to let the free market operate to maximize our standard of living.
Do You Know Why Moral Decisions Aren't the Best?
Do You Know Why Moral Decisions Aren't the…
Do You Know Why Moral Decisions Aren't the Best?
Making decisions based on morals seems like the right thing to do. But doing so often makes us miss the unintended consequences and externalities we create. To improve your decision-making, think through all of the ramifications of your choice. Politicians and special interest groups often justify economic policies based on moral grounds. But, when our moralistic ideals blind us to these policies' actual results, we make our situation worse. So, the best course of action is to not focus on achieving a moral outcome. But to let the free market operate to maximize our standard of living.