If those of us who know Chip, we've actually created a motto in our office. Money, power, vanity. But most of the time it's about the money. I would argue that Congress has become substantially a protection racket. We protect incumbent bureaucracies, we protect incumbent business models. And when someone comes to us and says, hey, I have this thing you can blow into and boom, it will tell you have the flu and can bounce off your medical records and order your antivirals. (44:02–44:13)
CLAIM
Asserts that Congress acts as a protection racket for existing bureaucracies and business models.
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