Rereading after publication, I’m realizing the framework here owes an unintentional intellectual debt to Robert Higgs — particularly the idea that crisis decisions are made under compressed incentives but evaluated across much longer institutional timelines.
Rereading after publication, I’m realizing the framework here owes an unintentional intellectual debt to Robert Higgs — particularly the idea that crisis decisions are made under compressed incentives but evaluated across much longer institutional timelines.
Thank you for this useful framework within which current events can be more carefully considered.
Thank you — I think we often judge decisions in the moment rather than across time. Trying to correct for that distortion.