The more of our assets are in able and intangible assets give rise to a lot more ambiguity in terms of property rights. There's so much wealth is now intangible, and this gable property is just not as clearly delineated as to who owns what. So that makes modern life more complicate. Ad you get a lot more regulation. Financial transactions are weigh more complicated than they were 250 years ago,. That probably requires a lot morea regulation, government involved.
Economist and author Arnold Kling talks about improving government regulation with EconTalk host Russ Roberts. Kling suggests ways to improve the administrative state--the agencies and regulatory bodies that often write the regulations that they enforce. The conversation concludes with Kling's idea for holding public intellectuals accountable for their pronouncements.