ChristianKl comments on Rationality Quotes Thread November 2015 - Less Wrong
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Comments (143)
I know we kind of hate authority here, but the guy did work on wall street for a number of years, and has written his financial newsletter for years as well.
I feel like the quotes I've made recently have been taken less charitably than is usual here.
Anyway, with this particular claim, I think it's meant more as a simplistic view that gets at some truth versus something that's always true, in which case that might be naive (although you didn't provide any counterexamples).
I don't know about other quotes but I think this quote also would have gotten resistance years ago. Complex problem X can be simplified to Y and solved with populist solution Z is not a template that generally popular in the rationalist quote thread.
Maybe you did post different quotes in the past?
He's mostly describing what's going on, not giving advice on what should be done. And the TLACs he's discussing are not populist.
(This may be clearer in context.)
"clearly define the classes of people whom it is socially and politically acceptable not to pay back." sounds to me like a populist suggestion.
To the extend that you quoted him out of context, that's still an issue with the quote.
I kind of expect someone disagreeing with a quote to at least look at the context. Do you think quoting the entire section would have gotten a better reaction?
I generally do think that quotes in this thread are supposed to be able to stand alone.
Lumifer probably still would have objected.
I looked at the context -- the quote was made while Levine was talking about Puerto Rico. It still does not make sense. He might have meant it as a fancy way of saying that if nobody cares then nobody cares, but that's a trivial observation.