News efficiency mandates
Just wanted to pass along this bit of awesomeness from Don Boudreaux at Cafe Hayek:
Let’s Improve the Efficiency of News Reporting
Here’s a letter to the New York Times:
You argue that a government-mandated higher fuel-efficiency standard “will yield a trifecta of benefits: reduced dependence on foreign oil, fewer greenhouse gas emissions, and consumer savings at the pump” (“Everybody Wins,” April 2).
By this logic, you should also support a government-mandated news-efficiency standard – that is, a requirement that you report and editorialize on any given amount of news using fewer words and less paper than you now use. This standard would yield a trifecta of benefits: reduced dependence on foreign lumber (we import much from Canada), fewer greenhouse-gas emissions (transporting slimmed-down newspapers would burn less fuel than is burned to transport today’s bulky, news-inefficient papers), and consumer savings at the newsstand (using less ink and less paper will make news-efficient newspapers less pricey than today’s ink and wood-pulp guzzlers).
Everybody wins.
Sincerely,
Donald J. BoudreauxWhen you look carefully, likely market failures are all around us, just begging to be corrected by the state.
If you enjoyed this post, make sure you subscribe to my RSS feed!
