2 ms·
In system/process design, you generally need feedback in a system to operate optimally. Rather than try and create a system that can be set up and left alone -
by advisedwang 3y ago
In system/process design, you generally need feedback in a system to operate optimally. Rather than try and create a system that can be set up and left alone - which will eventually get gamed or otherwise become unfit over time - we should aim to have feedback to continuously adjust and improve our systems.
For the highest level functions of our society, this feedback is humans and politics. We need a politics that allows issues in the financial system (and all other societal systems) to be assessed and changed over time, responsive to the needs of the people.