The Philosophy of Money with Stephen Hicks (WiM350)
The "What is Money?" Show
00:00
The Importance of Minimizing Fixed Costs
There is a shred of truth in that because the extent to which you can minimize fixed costs or overhead or administrative costs, the business actually is more efficient. If you have overblown overhead or admin costs, then I'm not going to argue for, in any way, defend the bloat of colleges. There's always going to be some inefficiencies. People who are potting onto the existence of those inefficiencies are going to be rightfully resentful of them.
Transcript
Play full episode
