Here is another example of "spending the benefit"of safety devices. For example, with ABS brakes and air bags the car crash deaths have not been reduced. How come? Because when you add safety devices, people compensate by taking more risks... it is just human nature.
Cirrus aircraft has a parachute built into its single engine plane. Way cool. So if you engine dies, you simply deploy the aircraft parachute, and glide to earth. Guess what? Pilots in these craft are taking more risks. It is just human nature.
The trick is not to have government safety regulations, it is to let the market demand what safety level it wants. It does not good to establish standards outside of the market.
Feel free to forward this by email to three of your friends.
Cirrus aircraft has a parachute built into its single engine plane. Way cool. So if you engine dies, you simply deploy the aircraft parachute, and glide to earth. Guess what? Pilots in these craft are taking more risks. It is just human nature.
The trick is not to have government safety regulations, it is to let the market demand what safety level it wants. It does not good to establish standards outside of the market.
Feel free to forward this by email to three of your friends.
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