hallettj

Also the Social Security Administration, despite being a huge operation, runs with less than 1% overhead. And they get those checks out month after month. Medicare’s overhead is under 2%, compared to an average of 12% for private insurance, and polls seem to show people are more satisfied with Medicare than with private insurance.

I know the complaint that government is ineffective and inefficient is a classic - but it makes me wonder what programs that refers to? Maybe something in the Defense Department?

A big part of the problem is that we don’t measure externalities well. Like teachers and artists produce way more value than they’re paid for. Instead we only reward value that can be directly measured by your boss, and that value is compensated at as low a level as the boss can get away with.

My god - the villainy!