Nassim Taleb: The Next Black Swan
Posted on March 13, 2012
In case you missed Nassim Taleb’s interview on CNBC this morning.
He endorsed Ron Paul and is a bit cryptic in his four points, one of which, that a sovereign debt crisis is coming to the United States. Rather than doing the necessary “root canal” to deal with the economy’s structural problems, the government is giving Novocain in the form of large budget deficits,
You have to start with government budget that is in control. You start with that. It’s unconditional. You don’t gamble with future generations’ money and you don’t gamble with hyperinflation. You want the government first, like we’re doing with the Greeks. We’re doing it to the Greeks. We should do it to ourselves. You start with that. That’s 90% of the problem.
Click here for full interview.
or (copy and paste) link below.
Related articles
- Ron Paul Roundup: Somewhat Ironic Win in Virgin Islands, Delegate Strategy Paying Off? And Is Ron Paul the Next Black Swan? (reason.com)
- Taleb and the language of risk (myindigolives.wordpress.com)
Definition of ‘Black Swan’
An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult to predict. This term was popularized by Nassim Nicholas Taleb, a finance professor and former Wall Street trader.
Posted on March 14, 2012, in AMERICAS, Black Swan, Eco-socialism, Economic interventionism, Economic planning, Economic policy, GEOPOLITICS, North America, Political economy, Progressive Agenda, Shadow banking, Shadow Government, Tax Payer's Dime, United States and tagged Black Swan, CNBC, CNBC interview, finance professor, government budget, Greek, Mitt Romney, Nassim Nicholas Taleb, Nassim Taleb, Politics, Ron Paul, United States, Wall Street. Bookmark the permalink. Comments Off on Nassim Taleb: The Next Black Swan.
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