Pete Hendrickson (@LostHorizons)

On Track For Calamitous Policy Outcomes by Donald J. Boudreaux You must travel down one of two – A or B – railroad tracks, but you can choose between A and B. If you choose to travel down track A you must remain on that track until its end. You’ll have, if you choose track A, to the best of your knowledge as you start your journey a 60 percent chance of reaching a destination that’s spectacularly wonderful and a 40 percent chance of reaching a destination that’s hellishly awful. If you instead choose to travel down track B and to remain on track B for its entire length, you’ll have, to the best of your knowledge as you start your journey, a 40 percent chance of reaching a destination that’s spectacularly wonderful and a 60 percent chance of reaching a destination that’s hellishly awful. But unlike with track A, if you choose track B you’ll have an opportunity during your journey to switch to track C. If you start on track B and then switch to track C, your journey down track C will deposit you, with 100 percent certainty, in a place that’s merely pretty good – neither an earthly paradise nor an earthly hell; just an earthly place that’s merely pretty good. Before you choose between traveling down tracks A or B, you’re told that, regardless of which set of tracks you choose, from the moment you start your journey you’ll gather ever more information about which specific destination you are headed toward. Down which of these two sets of tracks will you choose to begin your journey? Continued (with an important afterword by Yours Truly): https://losthorizons.com/N/162.htm#4