I spent my adolescence in a homeless shelter and I’ve spent my entire life since trying to figure out finance and complex systems. My biggest take-away from the last 10 years? Good intentions ≠ Good outcomes.pic.twitter.com/NNhGS0JybT
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This whole episode of UK was amazing!!! A few months ago I propositioned to Hoover Institution (where Sowell’s a fellow) that we should raise money to send a copy of Discrimination and Disparities to every home in America (because I am naive and think people care about updating)
The information is out there, people choose not to find it. Why? Because actually most of this stuff - and certainly most policy measures- aren’t about solving the underlying problem, it’s about how you make voters feel. Moral issues are dopamine delivery vehicles.
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please write more on this
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Well, in the spirit of Dalio, it’s helpful to acknowledge reality (wishing something were different doesn’t make it so). Whether we align placating voters with smart long-horizon policy or not, the piper gets paid. On your last statement: remember Kony 2012?
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I love your mind.
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