Nassim Nicholas Taleb: ‘We still have the same disease’

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xraymike79
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Nassim Nicholas Taleb: ‘We still have the same disease’

Nassim Nicholas Taleb: ‘We still have the same disease’

Sep 13, '09:

My whole idea is to lower risk in society by developing a system that can resist human error, rather than one where human error rules. The first step is to make sure that no financial institution is too big to fail. Next, make sure governments don’t favour big companies. Governments should also decrease the role of economists – they’re no more reliable than astrologers, and they do more damage. [...]

 

Globe and Mail: We still have the same disease

agitating prop's picture
agitating prop
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Joined: May 28 2009
Posts: 854
Re: Nassim Nicholas Taleb: ‘We still have the same ...

Wade R. I think we're talking about a disease that originated in the belly of the beast as a metaphor for the banking system. Just sayin'

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