The fundamental economic problem is harnessing the vast, decentralized creativity and knowledge of people on the ground; centralized command-and-control regulation concentrates knowledge in one place with no incentive to connect other minds, so reforms like waivers and experiments are needed to recover that lost knowledge.
normativepending
Speaker
Bruce YandleEvidence Quote
“that's a huge amount of knowledge that we are losing we're just not getting the benefits and I guess ultim that is the economic problem is how get all these minds and brains connected... knowledge does get centralized in one place and there's not any incentive to get the other brains connected”
Created: 6/15/2026, 9:20:30 AM
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