Episode summary: Send us a text Transaction costs are the friction in the gears of society, but the worst transaction costs are the ones that reflect government failure. You can see it in ever cliche about government, from the dreaded DMV lines to the passport control bottleneck. Drawing on Milton Friedman’s “Barking Cats” essay from 1973, I explore why bureaucracy remains fundamentally immune to reform efforts, regardless of which political party holds power. The frustrating reality is that bureaucracies op…
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Webmentions
Webmentions
Webmentions allow conversations across the web, based on a web standard. They are a powerful building block for the decentralized social web.
If you write something on your own site that links to this post, you can send me a Webmention by putting your post's URL in here:
Webmentions