Saturday, June 26, 2010

Nassim Taleb : Explains How More Debt Will Not Help

Nassim's Principles :
Do not give an addict more drugs if he has with drawl pain
Nassim Taleb discusses principles that will help achieve a more robust financial system free of negative black swans. Giving an addict more drugs will not cure the addict, just as increasing the debt of an over-leveraged system will only prolong an even more severe economic meltdown. Unfortunately, the Administration is not listening to him.

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