Intriguing. He kinda glosses over the enforcement mechanism that would be required to prevent collusion. You can do this when speaking about private markets and firms. But the government 'automatically' doing this, or having an incentive to do this, is a little less believable given the historical record of preventing fraud.
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Intriguing. He kinda glosses over the enforcement mechanism that would be required to prevent collusion. You can do this when speaking about private markets and firms. But the government 'automatically' doing this, or having an incentive to do this, is a little less believable given the historical record of preventing fraud.
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