Legislation that offers immediate and easily recognized benefits, at the expense of costs that are observable only in the distant future, is often enacted, even when economic inefficiency results. In economics this is referred to as the

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The shortsightedness effect refers to the tendency of policymakers to favor policies that provide immediate benefits while deferring costs to the future, often leading to economically inefficient outcomes.

Legislation That Offers Immediate and Easily Recognized Benefits, at the Expense