The Importance of Risk in the Public Sector

The public sector doesn't really have to take risk because it can always raise money at the point of a gun through the tax system, whereas the private sector runs out of money. So I would even be more extreme than you are in the some ways that I'd be agreeing with you, but even more than you just said, which is that the government actually doesn't rely on taxes. It can even just literally print the money. That's what it does when we go to war. In those cases, and this comes back to your previous point about the military industrial complex, they can unlike a family, unlike a household, just create that money.