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I’m guessing 10 more weeks before we see the first signs of economy reboot. This is going to get really brutal. I’m not seeing any historical comparable for what we’re headed for. Not WW2, not the Great Depression, not the Spanish Flu. This is a totally sui generis cataclysm.
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I can't fathom how we expect to "pause" & "play" the complex dynamic system of the global economy When we hit play again, how much will still be there? How much fear will drag on it? How many death spirals? Like trying to pause a circulatory system
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this is obviously right but i fully can't comprehend how we might get back to anything resembling the pre-rona economy in even the next year or 2. U can't "pause" & "play" complex dynamic systems (e.g. global economies). The chain reactions & feedback loops are unfathomable. twitter.com/DinaPomeranz/s…
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Misaligned incentives are how we got here, there is no consensus “our goal”, and the new incentives in play are just as misaligned with the divergent goals of many groups. Chances are, we’ll learn nothing, and re-establish a fragile ghost of status quo ante that will fail again
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Your joke actually captures that in a way you may perhaps have intended. A “god emperor” personifies an egregore and a sense of belonging to an egregore is one way to mitigate the flaws of explicit incentives —- like cheating to get an A in Preschool Perverse Incentives
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