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Tag Archives: bailouts

Nassim Taleb and the Problem with Bailouts

[youtube=] CNN Fareed Zakaria GPS Nassim Nicholas Taleb: The “Fragility” Crisis is Just Begun

Christopher Lydon / Nassim Taleb telephone interview. Link to source and synopsis. 3. On bailouts: My analogy is to the gambler who is now gambling with the trust fund of his unborn great-great-granchildren… Prudence should be the first thing on the agenda of governments, not speculation. Stimulus packages are speculation… We are gambling on […]