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Department for Government Efficiency (DOGE)

Breaking Trust in the Government Will Not Be Efficient in the Long Run

Alan Jagolinzer
Alan D. Jagolinzer and Jacob N. Shapiro write that the new Trump administration’s efforts to improve government efficiency through the cancellation of contracts and other promises will inevitably raise costs as businesses and investors demand a risk premium to account for lost trust.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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