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One of the more fascinating phenomena is people who think they understand economics that have never built a two-sided marketplace, coded a financial instrument, issued a digital currency, started a company, managed a cap table, met a payroll, or created a single job.
But Balaji, some of these folks have master's degrees in public administration! Surely that qualifies them for managing the global economy!
One of the signs of decay is that credentials trump excellence. And no, I don't have a study to prove it (LOL), but that's ok, if I did, no one would be able to replicate it anyway.
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