I like @patrickc's phrase:"The promiscuous distribution of veto power."
High US infrastructure costs seem to be less about labor law, property rights, or regulation per se, and more about how all these things are embedded in a slow and expensive judicial system. https://twitter.com/ne0liberal/status/1201586781923282949 …
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Replying to @hamandcheese
I was just quoting @LHSummers! But it is a very good phrase.
12:13 PM - 2 Dec 2019
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