Some say a political transaction is a solved economic problem, that politics is about finding and fixing market failures. If there can be market failures, then economic transactions can create political problems that need to be solved.
A lot of political transactions that I observe create economic problems.
(Last month's started a little late, I thought I'd bring it back to its original schedule.)
A monthly thread for posting any interesting rationality-related quotes you've seen recently on the Internet, or had stored in your quotesfile for ages.