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Tag Archives: NY Times

Stabilization Won’t Save Us – NYTimes.com

Stabilization, of course, has long been the economic playbook of the United States government; it has kept interest rates low, shored up banks, purchased bad debts and printed money. But the effect is akin to treating metastatic cancer with painkillers. It has not only let deeper problems fester, but also aggravated inequality. Bankers have continued […]

Throw Out the Old Economic Models – Room for Debate – NYTimes.com

Throw Out the Probability Models Nassim Nicholas Taleb, a former derivatives trader, is a distinguished professor of risk engineering at Polytechnic Institute of New York University. He is the author of “The Black Swan: The Impact of the Highly Improbable.” Updated April 2, 2012, 4:44 PM After the events that started in 2007 and the […]

How Would You Simplify the Financial-Reform Bill? A Freakonomics Quorum – Freakonomics Blog – NYTimes.com

Shared by JohnH

HatTip to Dave Lull
Nassim Nicholas Taleb is the author of The Black Swan. He is at work on a paper called “Why Did the Crisis of 2008 Happen?”

“The captain goes down with the ship…”

Time to realize that capitalism is …