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assume Arrow-Debreu conditions for markets in congressmen https://twitter.com/darpyu/status/1379810340356038658 …
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every time i try to extend the EMH to its logical endpoint someone gets mad SMH
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if ur ideal system (monkeocracy) was any good, we would already be ruled by monke (efficient monke hypothesis)
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Marginal benefits are usually so scattered that negotiation/coalition forming costs prevent such a thing while the gains by entrenched interests against are concentrated.
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Didn’t they already tho Universal enfranchisement wasn’t the original model we had and all, OG had standards of competency baked in
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