Laeserin on Nostr: They skew the market, even if everyone is 100% honest and 100% competent. They're ...

They skew the market, even if everyone is 100% honest and 100% competent.

They're trying to split it up into smaller packages, which helps a lot, but the problem remains that they have to make strategic choices about how to spend a large pot of money.

Central planning by committee is inherently inefficient.