Discretion vs. Process
Arnold argues against the seductive power of discretion, emphasizing the importance of maintaining a process for truth-seeking, even when faced with abhorrent beliefs like Holocaust denial. He believes that shutting down discourse undermines the very principles that allow for meaningful outcomes. Both he and Russ discuss the value of competition and trial-and-error in economics, questioning whether the same feedback loops apply to the realm of information.In this clip
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EconTalk
Misinformation and the Three Languages of Politics (with Arnold Kling)
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