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Quote 1094

"there is no objective measure of what actions are harmful and therefore should be prohibited means that practically any intervention can be justified. Milton Friedman (1992: 59), for example, has argued that the writings of Karl Marx have led to the deaths of more people than the use of alcohol, tobacco and other recreational drugs combined. On this basis it might be contended that Marx’s books should be banned, but in reality this simply demonstrates the problems that arise when the harm principle is extended beyond direct harm caused to others by specific actions."

   --  IEA
Without which we would have harm
  • Health standards
  • School standards
  • Safety standards
Product standards to allow competition on even playing field but stopping competition by stopping differentiation
(Danger money is real, pay more for dangerous work- less will do it)

Also there are personal standards which people wish to control:

  • Its not that our standard of living has fallen, but that our expectations have risen.
  • If you don't succeed without making sacrifices, your lack of sacrifices could have been a factor.

More commonly there's a trade-off between durability and price: you can pay more for a product that will last longer. When government imposes standards it increases prices and is therefore regressive.

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