The speaker explores the case of Illinois' pension funds and the proposal to combine them into one, highlighting the challenges faced due to opposition from county-level officials who viewed it as a threat to the pension system's confidence. The chapter reflects on the political implications of opposing a logical policy for personal gain.
Our first lifeboat is hope — hope that government could actually do good. Brink Lindsey, formerly of the Cato Institute, and now Director of the Open Society Project at the Niskanen Center, talks to me about governmental capacity, and how we could make it better.