This is our monthly thread for collecting these little gems and pearls of wisdom, rationality-related quotes you've seen recently, or had stored in your quotesfile for ages, and which might be handy to link to in one of our discussions.
- Please post all quotes separately, so that they can be voted up/down 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- Do not quote yourself.
- Do not quote comments/posts on LW/OB.
- No more than 5 quotes per person per monthly thread, please.
I'm an economist and it makes no sense to me at all. It seems almost like someone carefully identified the efforts insurance markets make to mitigate the failures in health markets and then crippled them. I actually have trouble convincing some of my colleagues that I'm serious when I describe the regulatory structure.
Could you expand on the specific details of what went wrong?