Thursday, May 31, 2012

To conclude, the best way to mitigate interventionism is to ration the supply of information, as naturalistically as possible. This is hard to accept in the age of the internet. It has been very hard for me to explain that the more data you get, the less you know what’s going on, and the more iatrogenics you will cause.
from Nassim Taleb's forthcoming book about the diminishing value, and eventual harm, of too much information.