(no subject)
Since I've been too busy to write anything up, here's a new political philosophy, ht Mencius Moldbug.
Futarchy - vote on beliefs, implement using prediction markets
This short "manifesto" describes a new form of government. In "futarchy," we would vote on values, but bet on beliefs. Elected representatives would formally define and manage an after-the-fact measurement of national welfare, while market speculators would say which policies they expect to raise national welfare.
Futarchy - vote on beliefs, implement using prediction markets
This short "manifesto" describes a new form of government. In "futarchy," we would vote on values, but bet on beliefs. Elected representatives would formally define and manage an after-the-fact measurement of national welfare, while market speculators would say which policies they expect to raise national welfare.