How many of these concerns would apply to the “Let markets veto proposed bills” proposal that you mentioned in your summary of Futarchy ?
Or variations on that where some non-Futarchy (e.g., republican) process is used to determine the set of policy proposals that are considered by the markets. You could see this as a dial, where the more demanding this proposal process is, the less scope there is for the markets to choose, and vice versa.
It seems to me that this would provide what you call a “sanity check” and avoid many cases of Goodhart’s law.
Some hybrid system like this seems promising to me.
Thanks very much for writing.
How many of these concerns would apply to the “Let markets veto proposed bills” proposal that you mentioned in your summary of Futarchy ?
Or variations on that where some non-Futarchy (e.g., republican) process is used to determine the set of policy proposals that are considered by the markets. You could see this as a dial, where the more demanding this proposal process is, the less scope there is for the markets to choose, and vice versa.
It seems to me that this would provide what you call a “sanity check” and avoid many cases of Goodhart’s law.
Some hybrid system like this seems promising to me.