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20 sats \ 2 replies \ @Undisciplined OP 22 Mar \ parent \ on: The Price of Gold: A Woefully Outmoded Law Needs Updating econ
Without profit and loss signals, losses are pretty much guaranteed.
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24 sats \ 1 reply \ @Rothbardian_fanatic 22 Mar
That is true. The whole problem is that the ”experts” are making the choices with no skin in the game. If we could skin them alive for their mistakes, we may see fewer mistakes at all. Reminds me of the idea to pay weathermen only when they are correct. Weather forecasts may drastically improve, then.
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0 sats \ 0 replies \ @Undisciplined OP 22 Mar
That's the core of the problem. The state is fundamentally unaccountable. Even when it's forced to pay damages, which is rare, they just steal more money from normal people to do so.
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