A new kind of institution for transferring risk has arisen in recent times. Since government agencies such as the National Highway Safety Administration do not charge directly for their services as do mutual aid societies or insurance companies, they must collect the money needed to support themselves from lawsuits, donations, or taxes. Put differently, their only money-making product or service is fear—and their incentives are to induce as much fear as possible in jurors, legislators, and the general public. Whereas individuals weighing risks for themselves are restrained in how much risk reduction they will seek by the costs, there are no such restraints on the amount of risk reduction sought by those whose risk reduction is paid for with other people's money. Nor is there any such inherent restraint on how much fear they will generate from a given risk or how much credit they will claim for whatever risk reduction may take place, regardless of what the facts may be.
—Thomas Sowell, Applied Economics.