
Ep 180: Elite Imitation in Public Policy
The Seen and the Unseen - hosted by Amit Varma
00:00
Rent Seeking Has Led to This, Right?
A lot of the daily regulation that we just talked about is all made by supreme court judges, right? They live in lutcheons daily. And no one has ever asked them, on the input of their live experience at their job, on how we frame these rules. So i'd agree with you that rent seeking has led to this whole thing if the price controls inspector was the guy writing the essential commodities act. But that's simply not the case. I'm saying as led to rent seeking as a natural and inevitable consequence ve a very low state capacity having to deal with too many irregulations.
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