Whenever some astounding corruption scandal explodes onto the front pages, the public is aghast and policymakers cobble together new reforms that promise to keep such outrages from occurring again. Occasionally, prosecutors (who are sometimes corrupt themselves) file charges. Soon enough, however, we learn about new abuses—or some other scandal grabs the headlines.
Unfortunately, tamping down corruption is like rooting out wasteful spending in the federal budget. There is no line item titled "waste," but instead it's baked into a government that has amassed a $31.5-trillion debt. Likewise, corruption is inherent in a system where officials dole out public money and regulate almost everything we do.
