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the balance the the scorecard is mixed on the one side very big innovation very big innovations in how to provide executive oversight use the power of the executive to convene to monitor and crucially when there are blockages to impose what you what you might call a penalty default so let me explain what that is so so when when people contract with each other theres two private firms contract with each other if they dont specify the terms then a court reading the contract will just interpret in what they assume the parties would have wanted if they bothered to think about the problem thats called the default condition sometimes the default condition is the one that most parties would actually prefer but sometimes the default condition is one that neither party or one of the parties will abhor it will be punitive with respect to the parties or to two to one of those so the modern executive can do the same thing and two can do it to one party or both parties and say if you dont if y