[FRIAM] Pelosi needs a cryptocoin

[Santafe]

Maybe this turns out to be kind of a nice ethics question.

You might make it part of the governance.   Burr could do his sales, then _immediately_ contact a broadcast network and make a statement, saying “I just dumped a bunch of stock because I know how bad the COVID epidemic is going to be.  I am told it’s called a `costly signal’ by the people I spend my day-job attacking.  Wanted to share that with you all, so we were on a level field (except I sold before I made this announcement).”  A little bit like Fuchs’s giving his own work to the Russians, because he worried that a knowledge asymmetry would be destabilizing.

One might argue that, for any decision in isolation, whether it is ethical or not _may_ be isolated to a binary variable for the decision, or may be affected by wider patterns of behavior.

Eric


> On Jan 22, 2025, at 6:41 PM, Barry MacKichan <barry.mackichan at mackichan.com> wrote:
> 
> What about the case of North Carolina’s Senator Burr, who dumped large amounts of stock after he attended a closed meeting on how bad the Covid epidemic was going to be? Can you expect someone who knows that he will lose several hundred thousand dollars if he doesn’t act on the information to grit his teeth and take the loss? On the other hand, if he sells, is he cheating the buyers?
> 
> — Barry
> 
> On 21 Jan 2025, at 18:18, Marcus Daniels wrote:
> 
> If our representatives get a little better inkling of where the market is headed from being involved in governance, then I guess that compensates for the money they don’t make in private industry.   This is an incentive to participate in governance.
> 
> 
> From: Friam <friam-bounces at redfish.com> on behalf of Barry MacKichan <barry.mackichan at mackichan.com>
> Date: Tuesday, January 21, 2025 at 3:15 PM
> To: The Friday Morning Applied Complexity Coffee Group <friam at redfish.com>
> Subject: Re: [FRIAM] Pelosi needs a cryptocoin
> 
> I’m not sure that we should require couples to get a divorce when one is a politician and the other is a venture capitalist. Having said that, it is hard to believe that information obtained by the politician doesn’t leak to the VC. I agree that it is a problem, but there seems to be a reason to distinguish between crooks.
> 
> 
> — Barry
> 
> On 21 Jan 2025, at 18:05, Jon Zingale wrote:
> 
> https://www.quiverquant.com/congresstrading/politician/Nancy%20Pelosi-P000197
> 
> 
> I love that she is wrecking the SPY. Why bother to distinguish between crooks?
> 
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