

John Arnold: Government Can't Be Trusted To Fix Any Problems
18 snips Apr 30, 2025
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Private Sector Leads Problem Solving
- The private sector should be the first to solve problems, stepping in if incentives align. Government acts if private sector fails, and philanthropy steps in last, filling gaps left by both.
Focus on Policy, Not Programs
- Education success depends heavily on teachers and principals rather than top-down programs. Policies should focus on rules and incentives rather than pushing uniform programs from above.
Pension Crisis Root Cause
- Public pension crises arise because politicians defer current costs by offering future benefits. Shifting to hybrid pension systems, like defined contribution plans combined with Social Security, can share risks effectively.