This is the often unspoken argument for further domestic reforms. Changes to our rules will not of their own lead to improvements in our economic, social and or political options/outcomes. Rule changes that level the playing fields will. This is as much a function of how readily understandable the rules are, as it is a question of the fairness with which they are implemented. At heart, this condition reinforces an efficient market’s requirement for easy exit and entry of all…
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