Tip 5

Skin in the Game:
Accountability Redefined

Bureaucracy is a construction by which a person is conveniently separated from the consequences of his or her actions. ... An economist is not a scientist, someone solving problems in the real world, but rather a meta-scientist, studying the study of economic problems, an expert on the expertise.

 If you’re gonna dish it out, be ready to take it. It’s like making dinner and having to eat your own cooking. Taleb says decision-makers should have personal stakes in their decisions.

If it goes south, they feel the burn too. Keeps everyone honest and careful.