The Unbroken Window

Now healthy institutions buy battered ones just to get a place in line. Think of the type of competition that emerges when rationing is based on need rather some other mechanism. It surely is not productive for “society.” The healthy institution is terrified by the unhealthy ones, because the unhealthy ones have a claim on them. The unhealthy institutions hate the healthy institutions because their “health” is rightfully someone else’s. What a sick world.