There are two types of friction. Disfriction and eufriction. Paperwork is disfriction, bargaining/negotiation is eufriction.
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Ah, thanks. So, in other words, pricing inefficiencies that encourage economic activity vs. process inefficiencies that discourage it.
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intelligence-increasing vs. intelligence-decreasing friction is litmus test. Nobody ever got smarter by filling out a form.
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That's an interesting framework for evaluating many other things, in addition to my go-to of economic analysis. Thanks!

