
@Tomycj1 @lastsaskliner @cafreiman Indeed. And it is the role of the successful entrepreneur to identify these asymmetries and address them by providing solutions to yearnings that consumers didn't even know they had.
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Local Knowledge Problem
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@MaxUtilitarian
The data required for rational economic planning are distributed among individual actors and thus unavoidably exist outside the knowledge of a central authority
















Unfettered capitalism plus AI will be no one’s idea of a good time.


Our response to the @joshrauh et al. revenues estimates of the California Billionaire Wealth Tax Act (CBTA) has now been posted: papers.ssrn.com/sol3/papers.cf… In short, their estimate relies on many false claims about CA law and the CBTA and is completely implausible and dishonest. 1/


