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Arnold Kling on Reforming Government and Expertise

EconTalk

The Importance of Intangible Assets in Modern Life

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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.

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