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The Impossibility of Policy

Cato Podcast

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The Importance of Enforcement Mechanisms in Law Enforcement

When I am hanging out with my kids and I'm splitting a peanut butter and jelly sandwich between the two of them, two of the three, it's the I cut you choose. That's a good rule because all the interested parties are at the table for an equitable outcome. By the way, that precise mechanism is used for what's known as partable inheritance when he had instead of the oldest male getting the entire farm, they split the farm.

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