The Financial Times discusses IEA research
There is so much quack policy around that one does not know where to start. Such policies usually start with a genuine concern and exaggerate it in a one-sided way, but above all assume that citizens cannot be trusted to run their affairs. Many such policies are described as evidence-based even though the evidence does not always point to the supposed conclusions. There are two characteristic fallacies. One is that they overlook the benefits that people derive from the discouraged activities. The other is that they ignore the substitutes that are found and can be as harmful as the original. For instance, in Scandinavian countries, which have high alcohol taxes, many more people make their own alcoholic drinks than in other countries.
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