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Posts Tagged: “government bureaucracy“
January 31, 2025
・Guest Commentaries
Market Efficiency vs. Bureaucratic Expansion: A Critical Comparison
With the Trump administration ushering in a new class of bureaucrats under the auspices of private businessmen, it’s worth recalling why the phrase “government efficiency” is an oxymoron. As the Austrian School of Economics stresses, the key difference between business and bureaucracy is the ability to measure profitability. The following article was originally published by […]
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