Thursday, Apr 09, 2009
A true voice of reason speaks
FT: Ten principles for a Black Swan-proof world
I particularly like number 10. "...marginalising the economics and business school establishments, shutting down the “Nobel” in economics, banning leveraged buyouts, putting bankers where they belong, clawing back the bonuses of those who got us here,... "
Posted by voiceofreason @ 09:32 PM (495 views) Add Comment
3 Comments
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1. alan said...
"What is fragile should break early while it is still small. Nothing should ever become too big to fail. Evolution in economic life helps those with the maximum amount of hidden risks – and hence the most fragile – become the biggest".
I liked Taleb's book. It has to be read in conjunction with this article! Amazon have a few secondhand copies cheap - a great read!
Happy Easter everyone.
2. voiceofreason said...
http://www.greenmetropolis.com do a load of second hand books all for £3.75.
But no Black Swan I am afraid. I read it when it first came out. Very good indeed.
I am currently reading Peston's book. Bit mumbly so far.
3. mander said...
Obama would not listen to intelligent professor like the author of this article. Electoral speech was very much that the democrats will want to go back to real economics but it is not case anymore, problem is with the president's advisors I think.
Obama must stop the easy money and CDSs because America is too developed and all the money creation will create bubbles and social unrest. Future generations will throw him in prison if we could compare our times with the French Revolution.