normative
Decentralization Forces Long-Term Accountability
The optimal structure for accountability is a decentralized system where actors are penalized long-term for their actions, because it is vastly easier to macro-BS than micro-BS—a mayor of a small town must live with the consequences of failure and has more identifiable skin in the game than an anonymous bureaucrat in Washington whose actions cannot be traced.
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Speaker
Nassim Nicholas TalebEvidence Quote
“the mayor of a town or the mayor of a small village in Switzerland has to live there; and if he fails, his reputation--he has more skin in the game than a bureaucrat in Washington, whose action cannot be identified.”
Created: 6/13/2026, 12:20:19 AM
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