Thursday, September 29, 2011

Reduce Government

The hardest thing about running a company is properly allocating resources. Resources are always finite and difficult decisions must be made, usually with imperfect data. This is why government cannot possibly function. Incentives are not properly aligned for the decision makers. The decision makers personal time horizons do not match the time horizon of the allocation decisions. Most importantly, is that the government is not constrained. They can always expand the budget and defer difficult decision making,

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