April 2022

The Meandering Mandate for Canada’s Infrastructure Bank

Michael Bennon

Terry Moe, the Stanford political scientist, wrote that political institutions are unique because they serve two different purposes. On the one hand, they help mitigate collective-action problems. On the other hand, they are weapons of coercion and redistribution. As a result, these institutions tend to be laden with rules because the officials designing them assume that they will be fought over, or eventually controlled by the opposition party.

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