The mistake you made in this example is attributing an action in the legislative... | Hacker News

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		mulmen on Dec 5, 2017 \| parent \| context \| favorite \| on: Is there data on the quality of management decisio... The mistake you made in this example is attributing an action in the legislative system as a failure in the market.

philipov on Dec 5, 2017 [–]

I am saying the opposite: the market becomes less efficient as a result of legislative capture. But it is a feedback loop, so attributing the dynamics to simple cause and effect is not appropriate.

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