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Yeah, we aren't too far apart! It's why I like HN, you can actually have a civilised conversation :) Friction certainly makes it harder to introduce positive
by MattPalmer1086 3y ago
Yeah, we aren't too far apart! It's why I like HN, you can actually have a civilised conversation :)
Friction certainly makes it harder to introduce positive change. I don't think it makes it easier to make riskier ones though, but you often can't do everything you'd like to get done.
- sanderjd 3y agoJust to clarify, I didn't mean regulatory friction makes it easier to do things that are risky. I think regulation is pretty much entirely successful at making that harder. What I meant is that, in my view, regulations that reduce the chance of tail risks by let's say X% often seem to increase the friction on making improvements by more like say 2X%. Of course this isn't scientific or anything, but it's my intuition, that the trade-off doesn't seem to be 1:1 when you take on some friction to reduce the likelihood of some tail risk.