When good and honest people can be incentivized into crazy behavior, it’s easy to underestimate the odds of the world going off the rails. Everything from wars to recessions to frauds to business failures to market bubbles happen more often than people think because the moral boundaries of what people are willing to do can be extended with certain incentives. That goes both ways. It’s easy to underestimate how much good people can do, how talented they can become, and what they can accomplish when they operate in a world where their incentives are aligned toward progress. Extremes are the
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