{"id":1641,"date":"2010-06-04T03:11:10","date_gmt":"2010-06-04T10:11:10","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=1641"},"modified":"2018-10-23T23:37:55","modified_gmt":"2018-10-24T06:37:55","slug":"radioopensource-org-nassim-nicholas-taleb-the-%e2%80%9cfragility%e2%80%9d-crisis-is-just-begun","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2010\/06\/radioopensource-org-nassim-nicholas-taleb-the-%e2%80%9cfragility%e2%80%9d-crisis-is-just-begun\/","title":{"rendered":"RadioOpenSource.org Nassim Nicholas Taleb: The \u201cFragility\u201d Crisis is Just Begun"},"content":{"rendered":"<p>Christopher Lydon \/ Nassim Taleb telephone interview.<\/p>\n<audio class=\"wp-audio-shortcode\" id=\"audio-1641-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"http:\/\/www.blackswanreport.com\/media\/RadioOpenSource-Nassim_Taleb.mp3?_=1\" \/><a href=\"http:\/\/www.blackswanreport.com\/media\/RadioOpenSource-Nassim_Taleb.mp3\">http:\/\/www.blackswanreport.com\/media\/RadioOpenSource-Nassim_Taleb.mp3<\/a><\/audio>\n<p><a title=\"nassim-nicholas-taleb-the-fragility-crisis-is-just-begun\" href=\"http:\/\/www.radioopensource.org\/nassim-nicholas-taleb-the-fragility-crisis-is-just-begun\/\">Link to source and synopsis<\/a>.<\/p>\n<p>3. On bailouts: My analogy is to the gambler who is now gambling with the trust fund of his unborn great-great-granchildren\u2026 Prudence should be the first thing on the agenda of governments, not speculation. Stimulus packages are speculation\u2026 We are gambling on a massive recovery. It\u2019s too big a gamble, and besides it\u2019s immoral.<\/p>\n<p>2. In the economic crisis, and in the Gulf of Mexico, what we should be discovering is not who made what mistake, but the fact of fragility. Alas, what we don\u2019t learn is\u2026 that we don\u2019t learn.<\/p>\n<p>1. No government can fortify something that\u2019s inherently fragile.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Christopher Lydon \/ Nassim Taleb telephone interview. http:\/\/www.blackswanreport.com\/media\/RadioOpenSource-Nassim_Taleb.mp3 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\u2026 Prudence should be the first thing on the agenda of governments, not speculation. Stimulus packages are speculation\u2026 We are gambling on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,4],"tags":[245,202,19,84,18],"class_list":["post-1641","post","type-post","status-publish","format-standard","hentry","category-audio","category-john","tag-bailouts","tag-fragility","tag-nassim-taleb","tag-robustness","tag-the-black-swan"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/1641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=1641"}],"version-history":[{"count":4,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/1641\/revisions"}],"predecessor-version":[{"id":8951,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/1641\/revisions\/8951"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=1641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=1641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=1641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}