Think of government as a giant Walmart machine

 Trucks and trains loaded with boxes of government goods flow along the finite set of routes and rails. 

We are not really that good at this, the trains sometimes go empty too soon, or roll back onto previous territory and trucks tend to roman. Orders get delayed, or doubled up, sometime cut off.

In the Walmart system assume we have customers, clerks and tax people, these all have to meet at the inventory spots, where the deliveries are sorted. 

We do this poorly because we do not conserve liquidity. A customer cannot pay a bit more today and get excess delivery, nor can a customer let some excess goods go by, because the goods are not congestion priced. With congestion pricing, the tax payer and customer can find each other, on the margin, much better than trying to make change with earmarks. Put the earmarks and bailouts on cash accounting and the government goods network will recover a good chunk of the volatility cost. Great, but it only works because we identify the residual losses we know are caused by out of kilter Law. Estimating residual loss allows us set aside reserves, ex ante shared cash; we get a good bound on the ex ante liquidity needed.

Thus, we explain why the US presidency has a tendency to rotate, winner today be loser tomorrow. Failure to simply acknowledge and estimate the cost of bad kilter is killing us, it is not that big, we are confusing natural ex ante uncertainty with total loss.  The hysteria leads us to treat each election as a dual to death.

The cos of the Law should be less than 2% of GDP, measured as the total monopoly cost in central bank accounting. Figure it, the ex ante reserve cannot be more than one third of the budget, and we easily recover two thirds of that. The budget is 1/5 of GDP, kilter losses are not that bad, and should be paid in coinage power. Simple stuff.