Public Choice economists identify sources of government failure and the costs associated with them. We discussed five sources of government failure: rational ignorance of voters, special interest effect, rent seeking, bureaucratic inefficiency, and the short-sightedness effect. Identify a recent (within the past 5 years) real-world example of one of the five sources of government failure. Explain what that source of government failure is and why it occurs. Make sure you also explain why your example fits the definition of that source of government failure. The example should not be something explicitly discussed (usual examples).

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