Gresham's law: bad money drives good money out of circulation.
- Gresham's law: bad money drives good money out of circulation.
- Good ideas are held onto and carefully doled out since they confer an edge.
- Bad ideas are circulated freely.
- That means that all else equal, you'll encounter more bad ideas than good in open channels.
- If you get something via email it's likely to be crap.
- The world becomes more cacophonous.
- "When everyone has a substack, no one has a substack."
- This means that trusted recommendations are more important than ever before.
- The "meat filter": if an actual person I know and trust recommended it, then I'll read it.