Ben S. Bernanke<\/a>, announced a plan
\nto buy an additional $600 billion in government debt last week
\nto support the economy after purchasing $1.7 trillion of assets
\nfrom December 2008 through March. Bernanke doesn\u2019t understand
\nthat the plan risks unintended consequences such as
\nhyperinflation and that it may ultimately backfire and introduce
\na new crisis to global markets, Taleb said.<\/p>\n\u201cHe is someone who talks about returns without talking
\nabout risk,\u201d Taleb said. \u201cIt\u2019s identical to a pilot talking
\nabout speed and not talking about safety. The measure he\u2019s
\ntaking, quantitative easing, may work but should it fail the
\nrisks are humongous.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
http:\/\/www.youtube.com\/watch?v=mhSRaehWSvY (This video is unavailable. ) The risks stemming from the Federal Reserve\u2019s efforts to stimulate the economy through bond purchases are \u201chumongous\u201d and the central bank doesn\u2019t fully understand the potential effects, said Nassim Taleb, author of \u201cThe Black Swan.\u201d \u201cThese people do not understand risk,\u201d Taleb said in an interview on Bloomberg Television\u2019s […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,33],"tags":[289,132,328,338,329,331,19,337,335,327,333,336,316,332,330,339,334],"class_list":["post-2448","post","type-post","status-publish","format-standard","hentry","category-john","category-video","tag-bed-of-procrustes","tag-bernanke","tag-gold","tag-hidden-risk","tag-ketchup-bottle","tag-ltcm","tag-nassim-taleb","tag-people-who-hold-your-currency","tag-printing-money","tag-qe2","tag-quantitative-easing","tag-retirees","tag-risk","tag-the-fed","tag-the-great-moderation","tag-theres-no-free-lunch","tag-weimar-republic"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2448","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=2448"}],"version-history":[{"count":13,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2448\/revisions"}],"predecessor-version":[{"id":8931,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2448\/revisions\/8931"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=2448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=2448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=2448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}