3 ms·
I prefer my economics analysis to come from people who don't have skin in the game either way.
by boringg 4y ago
I prefer my economics analysis to come from people who don't have skin in the game either way.
- rglullis 4y agoEvery analyst is recommending one choice, one way or another. "Not taking an action" is a choice. "Shutting down cryptocurrency" is a choice to shut out a bunch of people who can not participate in the current system. The big issue is in finding out the upsides and the downsides of each of these choices, and who should pay for the consequences if the actions backfire. This is why we should ask for those analysts to actually put some Skin in the Game.
- boringg 4y agoNo if they have skin in the game they inherently want you to buy into whatever they have done creating an analysis that is flawed and intended to sell you.
- rglullis 4y agoAs long as the sellers are exposed to the consequences of being wrong, I don't see anything wrong with it. I'd rather have an expert saying "I am so convinced of my opinion that I'm willing to risk facing ruin over it" than some academic guiding the implementation of key policies as large-scale experiments, where the population has no other choice but "trust the experts" and see these very same experts walking away scot-free when their ideas blows up in the face of reality.