It’s worth noting that one important assumption here is that experts are pretty good at determining the counterfactual value of past policy decisions. I think this is right, but if we gave it up then no system like this one would be effective, since the feedback from future generations would be near-random. On the other hand, if the assumption is correct then there should be some feasible system that provides useful intergenerational feedback of the kind described here, though it may need to include a mechanism for increasing the influence of experts in the decision process.
It’s worth noting that one important assumption here is that experts are pretty good at determining the counterfactual value of past policy decisions. I think this is right, but if we gave it up then no system like this one would be effective, since the feedback from future generations would be near-random. On the other hand, if the assumption is correct then there should be some feasible system that provides useful intergenerational feedback of the kind described here, though it may need to include a mechanism for increasing the influence of experts in the decision process.