Friday, June 11, 2021

El Saslvador's problem is the same everywhere.

 Godotism is a result of non adaptive Constitutions. Goditism comes with a cost.  The cost is much higher when we do not expense the normal cost of fixes Constiututions.  Constitutions are not bad, but they come with a double entry balance sheet and we need to stop the self delusion.  

Under the balance sheet is something called fixed monopoly costs. Fill that slot in, please, and just expense it. It is not large, but it is positive.


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