Efficiency and the Road-Trip Economy

Whenever people talk about economic policies, the subject of efficiency is guaranteed to come up.

People are constantly concerned about efficiency, and being perceived as “inefficient” or “wasteful” can be a deadly blow to a politician or a policy idea.

In this environment, it’s easy to start thinking that efficiency itself is the purpose of the economy. But not only is efficiency not the purpose of the economy, it’s not even one of the purposes.

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