Ch7 Efficiencies

In the beginning of this chapter again I think Frank puts down some ideas, most already understood, and lastly begins to discuss the issues with efficient policies going through any sort of law. The story regarding the flights was interesting, or at least I found it interesting, and was actually pleased that he tied it towards the end regarding policies that have failed in congress due to these efficient notions labeled as an income transfer and being considered unfair. My philosophy teacher back in high school gave the suggestion, on the topic of what to do with lobbyists, that rather than setting up picket lines, and other older ways of protesting, it would be more efficient and quite simple to outbid the lobbyists. All you have to do though is get the entire community or majority of nation to give you money (let's say an organization approved by the government to reduce fraud) and use that money to lobby against the other lobbyists.

The first thing that came to my mind was: Why do we need these lobbyists when the congressmen and women were put there to determine the best possible outcome for the entire nation/state when regarding policies. But after reading this chapter it seems to me that this idea may have to be enacted to keep certain laws tied to what Americans really want. Considering the cost benefit analysis, if the people really want a law to remain the same while a few corporations believe it's in their best interest to amend it; under the cost benefit analysis I believe a few dollars from a few million can overextend a corporations contribution margin.

Although past this thought the chapter to me seemed kind of bland in the sense that cost benefit analysis is already used quite often enough to understand. He did focus a little on how that has influenced public policy but it was short lived.