Institutions that define context (Gov't, UN, Fed) are better stable & predictable Ones competing in dynamic markets are better off "alive"https://twitter.com/vgr/status/811842282076848128 …
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If by "bureaucracy" you mean the pejorative sense, yes. But medium-term, stable metrics are useful to allow optimization.
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Not pejorative, I mean descriptive, as in government bodies bound by principle of separation of executive and legislature
End of conversation
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