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Taleb On “Skin In The Game” And His Disdain For Public Intellectuals | Zero Hedge

I have the ReasonTV interview earlier on the blog. But in case you were wondering what Zero Hedge thought of it…

Nassim Taleb sits down for a quite extensive interview based around his new book Anti-Fragile. Whether the Black Swan best-seller is philosopher or trader is up to you but the discussion is worth the time as Taleb wonders rigorously from the basic tenets of capitalism – “being more about disincentives that incentives” as failure he believes is critical to its success and is clearly not allowed in our current environment – to his intellectual influences and total disdain for the likes of Krugman, Stiglitz, and Friedman – who all espouse grandiose and verbose work with no accountability whatsoever. His fears of large centralized states such as the US is becoming and Europe is become being prone to fail along with his libertarianism make for good viewing. However, his fundamental premise that TBTF banks should be nationalized and the critical importance of ‘skin in the game’ for a functioning financial system are all so crucial for the current ‘do no harm’ regime in which we live. Grab a beer or glass of wine, it is Taleb and watch…

via Taleb On “Skin In The Game” And His Disdain For Public Intellectuals | Zero Hedge.

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