Today's post, Blue or Green on Regulation?, was originally published on 15 March 2007. A summary (taken from the LW wiki):

Both sides are often right in describing the terrible things that will happen if we take the other side's advice; the universe is "unfair", terrible things are going to happen regardless of what we do, and it's our job to trade off for the least bad outcome.

(alternate summary:)

In a rationalist community, it should not be necessary to talk in the usual circumlocutions when talking about empirical predictions. We should know that people think of arguments as soldiers and recognize the behavior in our selves. When you think about all the truth values around you come to see that much of what the Greens said about the downside of the Blue policy was true - that, left to the mercy of the free market, many people would be crushed by powers far beyond their understanding, nor would they deserve it. And imagine that most of what the Blues said about the downside of the Green policy was also true - that regulators were fallible humans with poor incentives, whacking on delicately balanced forces with a sledgehammer.

(alternate summary:)

Burch's law isn't a soldier-argument for regulation; estimating the appropriate level of regulation in each particular case is a superior third option.

Discuss the post here (rather than in the comments to the original post).

This post is part of the Rerunning the Sequences series, where we'll be going through Eliezer Yudkowsky's old posts in order so that people who are interested can (re-)read and discuss them. The previous post was The Scales of Justice, the Notebook of Rationality, and you can use the sequence_reruns tag or rss feed to follow the rest of the series.

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