@pmarca Short term, political ads can cause skews that decide elections due to friction in the spread of info. Long term they don't matter.
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Replying to @paulbaumgart
@pmarca Just like financial markets converge over time to fair value, "marketplace of ideas" converges to fair policies.1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@pmarca And thanks to increasing ease of communication, these convergence processes are accelerating.1 reply 0 retweets 0 likes
@pmarca But just like there are laws against trading abuses, it's fair to ask what kind of rules our marketplace of ideas should have.
11:07 AM - 5 Apr 2014
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