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Unintended Consequences

Unintended Consequences

Von: Cato Institute
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 Unintended Consequences is the podcast of Regulation magazine, produced by the Cato Institute. Hosted by Peter Van Doren and Paul Matzko, the show explores how government interventions can have surprising—and often negative—consequences. Drawing from Regulation's in-depth policy analysis and cover stories, each episode unpacks the gap between policymakers’ intentions and the real-world outcomes that follow.

Hosted on Acast. See acast.com/privacy for more information.

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  • The Perplexing Puzzle of the Social Cost of Carbon

    The Perplexing Puzzle of the Social Cost of Carbon
    Feb 19 2026
    Economists use something called the “social cost of carbon” to estimate the future physical and economic damages caused by climate change. Yet the final dollar cost assigned to carbon emissions fluctuates wildly: from roughly $7 under Trump to $190 under Biden! In this episode, Paul and Peter discuss the article “How Should We Value the Future?” (by Peter and David Kemp), how these numbers are generated, and how it’s not purely a product of scientific calculation but rather a profound ethical choice about intergenerational stewardship mediated by the political process.

    Hosted on Acast. See acast.com/privacy for more information.
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    33 Min.
  • Was Milton Friedman Wrong about the Minimum Wage?

    Was Milton Friedman Wrong about the Minimum Wage?
    Jan 15 2026

    As Milton Friedman thought that the weight of careful research about the negative effects of the minimum wage would lead to an overwhelming consensus among economists and ultimately end public support for the policy. It didn’t work out that way, as anyone old enough to remember the “Fight for Fifteen” movement knows. Peter and Paul discuss Richard McKenzie’s article about Friedman’s prediction, why Friedman got it wrong, and the furor over an influential 1994 study that showed no negative employment effects.


    In conjunction with Regulation Magazine Winter 2025 Edition.

    Hosted on Acast. See acast.com/privacy for more information.
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    29 Min.
  • “Make New York Like Houston?”: Housing and Induced Demand

    “Make New York Like Houston?”: Housing and Induced Demand
    Dec 11 2025

    You might’ve heard that building more roads to reduce traffic doesn’t really work because of induced demand, the way in which building new infrastructure simultaneously creates more demand. In this episode, Peter and Paul discuss a similar effect for housing, which could make it harder to reduce housing inflation. In addition, they examine a counterintuitive finding: the cheaper a rental housing unit is, the higher the profit margins. That is the opposite of profits for new home construction, where higher-end housing commands larger margins.


    In conjunction with Regulation Magazine Fall 2025 edition.

    Hosted on Acast. See acast.com/privacy for more information.
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    24 Min.
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