Episode 52: Why Does Government Keep Expanding?
Words & Numbers
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The Politics of Inefficiency
Government isn't a profit-motivated entity, so it has an incentive to do its job inefficiently. The laws of mathematics are going to be catching up with politicians in the next five to 10 years," he says. "Some sort of austerity is going to have to emerge" that will involve actual cuts and not just growth rate reductions,. He adds: It's going to be interesting to see how politicians deal with that.
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