3 ms·
Sure, that's an example of principal/agent problems. Those happen all the time and are very real. But to claim that, there would be a vast conspiracy tobtake a
by thehardsphere 9y ago
Sure, that's an example of principal/agent problems. Those happen all the time and are very real.
But to claim that, there would be a vast conspiracy tobtake all of that money on a wide enough scale to make everyone in the USA overpaid is where the thing breaks down.
- lmm 9y agoNot one vast conspiracy. Just many people in similar positions with similar incentives acting in similar ways.