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Matt Ridley on the Evolution of Everything

EconTalk

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The Importance of Feedback Loops

I get a feedback loop. Don't do that. Well, there are feedback loops. I just think they're very imperfect. An extra B is not an enormous burden. It's a cheap mistake. The bigger problem is that is the morality writ large. Think it's weeded out by a much more effective feedback loop. That's all I'm saying. A bad vendor who sells rotten fruit doesn't last very long. And we can't fix it. We could fix it. Just like lots of words have changed their spelling. You don't use your little toe for grasping fruit in the trees in a way that your ancestor may have done. So the B in debt is a living

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