"a tax on bullshit"

The inimitable Alex Tabarrok:

Overall, I am for betting because I am against bullshit. Bullshit is polluting our discourse and drowning the facts. A bet costs the bullshitter more than the non-bullshitter so the willingness to bet signals honest belief. A bet is a tax on bullshit; and it is a just tax, tribute paid by the bullshitters to those with genuine knowledge.
A good friend of mine in grad school was (and still is) an experimental economist. I always knew to quit arguing with him when he said "bet me."

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