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Economic Termites Are Everywhere

Today I want to start with a comment by a colleague, Texas antitrust lawyer Basel Musharbash, observing a restaurant trying to do a renovation in Dallas. “Something funky is happening in the building materials supply chain,” he wrote . “A 3,000 sq. ft. commercial space in a strip mall shouldn’t cost $720,000 to renovate into an Italian food joint.” He’s right. It shouldn’t. And yet it does.This attitude of ‘something is very wrong with our society’ is everywhere now. Corporate procurement office...

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