Skip to content
TrackPodcasts
scienceAug 4, 202626:11pending

The Senate Is The Enemy And Other Friction Stories

Get every episode summarized

Each time The Answer Is Transaction Costs publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.

Email me new episodes

Free for 3 shows. No card needed.

About this episode

Send us Fan Mail

We argue that “friction” is not always a flaw and can be a deliberate shield against bad collective decisions. We use Buchanan and Tullock’s public choice framework to show why supermajorities, veto points, and other transaction costs can protect rights while still leaving room for day to day governing. 
• contrasting cheap outrage with intentional institutional friction 
• explaining why constitutional amendment rules use supermajorities 
• breaking down external costs versus decision-making costs 
• applying the framework to routine policy versus foundational rules 
• linking cancel culture to collapsed coordination costs and lost buffers 
• spotting designed friction in bicameralism, vetoes, jury unanimity, central bank independence, corporate charters, and treaties 
• testing objections about minority rule, the filibuster, and who classifies “big” decisions 
• discussing ballot initiatives, referenda, and easy-to-amend constitutions 
• sharing listener letters, egg market notes, and a book recommendation 

Links:

If you have questions or comments, or want to suggest a future topic, email the show at [email protected] !


You can follow Mike Munger on Twitter at @mungowitz 


Know when David Hesmondhalgh turns up

Follow David Hesmondhalgh and once a week we email you every new episode they appeared on — including guest spots the show notes never mention, because we read the transcript.

Follow David Hesmondhalgh

Free. Pick your own day and time.

Hosts & guests

No transcript yet

This episode has not been transcribed. Request it and it moves to the front of the queue.

The Senate Is The Enemy And Other Friction Stories

The Answer Is Transaction Costs

0:00
26:11

More episodes

More from The Answer Is Transaction Costs

View all episodes →