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Thomas Sowell: "There is a four-stage pattern that the anointed class use to establish an artificial crisis: 1: Declare a crisis! 2: Come up with a solution! 3: Unintended consequences follow. 4: Blame the unintended consequences on something else. Examples range from unemployment (minimum wages), crime, venereal diseases, and... show more

Commentary - Sowell Economics

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24,881 次观看 • 2 个月前 •via X (Twitter)

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When an industry optimizes for one metric, it often breaks everything else. In factory farming, this creates compounding suffering. Lewis Bollard explains how trying to solve pig boredom opens a spiral of unintended consequences. “At each step, there is a new solution that can’t solve the fundamental underlying parts of the problem. And sometimes just makes it worse.”

When an industry optimizes for one metric, it often breaks everything else. In factory farming, this creates compounding suffering. Lewis Bollard explains how trying to solve pig boredom opens a spiral of unintended consequences. “At each step, there is a new solution that can’t solve the fundamental underlying parts of the problem. And sometimes just makes it worse.”

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.Thomas (Tom) Lee (not drummer) FundstratDirect.com isn’t taking a side yet on EIP-8363: “Are we over rewarding the cost of security? And is it unfairly burdening those who aren’t staking? I think it’s a fair question.” “I think that it is unknown where the optimization curve is.” “On the flip side, I understand the argument that there’s the risk of a lot of unintended consequences and volatility.” “If there was no yield on Ethereum, there’s still plenty of ways to generate yield.”

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