
Byrne Hobart: Over- and Under-Correction in Tech
From the New World
The Strategy of Bribes and Frictional Costs
The form of the bribe matters for its impact on different people/nAdding frictional costs can make bills good for some people, irrelevant for others, or even bad for them/nSeparate actions could achieve the end goal of improving American manufacturers and construction companies/nSubsidies may be a better alternative to achieve this goal than adding costs
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