November 2020

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« Some Op-Eds on the Current Situations | Main | Why my Letter was Necessary »

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The idea of expert biases sounds interesting, but there's also the basic question of limited competition (due to multifarious government involvement) in the market of credit-rating and audit agencies that can be blamed for the perversed incentives pointed out.

Thanks for posting that one, Pete. Peart & Levy's argument is important to understanding the current crisis. Their work on experts is important stuff in general. It goes to some central issue on the production and distribution of knowledge in society.

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