The output of finance for the consumers is very legible: change in dollars (though, of course, a lot of effort goes into obfuscating it)
Idea: The "Paper Belt" industries of govt, finance, media, education are failing partly because their output is relatively illegible: it's hard for consumers to see if the product is good. "What can’t be measured (by the principal) will be mismanaged (by the agent)".
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Nope! See obfuscated Martingale strategies, Talebian black swan arguments, etc etc. Seeing your bank balance consistently go up by 6% per year for ten years is NOT a sign you should sit back and feel comfortable!
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The *output* is legible; evaluating that output (e.g. what's good/adequate/acceptable/etc.) depends on the context and can get quite complicated
End of conversation
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