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Jeff Yass
The Free Press
Excerpt: I am giving $100 million to the University of Austin because the feedback mechanisms of higher education are broken.
Almost every system that works, works because of feedback. Evolution works because helpful mutations survive while harmful ones die off. Democracy works because voters support effective leaders and remove ineffective ones. Markets work because prices tell producers when to ramp up or scale back. Science works because the data from an experiment tells the scientist how likely their hypothesis is to be false.
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