Another month has passed and here is a new rationality quotes thread. The usual rules are:
- Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
- Do not quote yourself.
- Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
- No more than 5 quotes per person per monthly thread, please.
They aren't equivalent. Markets have very strong self-corrective behavior that either punish poor decisions, or reward someone else who fixes the result of the poor decision. Democracy punishes poor voter decisions extremely weakly if at all, and on much longer timescales. The behavior of individual voters can be generalized to the behavior of voters en masse.