{"id":5244,"date":"2012-12-10T13:54:33","date_gmt":"2012-12-10T21:54:33","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=5244"},"modified":"2012-12-10T13:54:33","modified_gmt":"2012-12-10T21:54:33","slug":"give-us-a-break-nypost-com","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2012\/12\/give-us-a-break-nypost-com\/","title":{"rendered":"Give us a break &#8211; NYPOST.com"},"content":{"rendered":"<blockquote>\n<p>Taleb\u2019s new word is in the title of his new book \u201cAntifragile.\u201d It\u2019s a kind of philosophical essay that reinforces and expands upon 20th-century economist Joseph Schumpeter\u2019s concept of creative destruction. Some things need to break in order for the whole to improve, and we resist this tendency \u2014 by coddling fragile systems such as banking \u2014 at our peril. Yet at this moment, the coddlers, or \u201cfragilistas,\u201d as Taleb calls them, are very much in charge.<\/p>\n<p>If antifragility means redundancy \u2014 when you keep extra commodities on hand in case of natural disaster, you are actually better off after a hurricane because the price of the items you hold skyrockets \u2014 then debt is a particularly dangerous kind of fragility. Debt can spiral, accelerate. At a firm, doubts about your solvency can lead to a \u201cmargin call,\u201d which in turn means you have to raise more money.<\/p>\n<\/blockquote>\n<p>via <a href=\"http:\/\/www.nypost.com\/p\/news\/opinion\/books\/give_us_break_WlJFJIMxq09QdBV9iDfJTI\">Give us a break &#8211; NYPOST.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taleb\u2019s new word is in the title of his new book \u201cAntifragile.\u201d It\u2019s a kind of philosophical essay that reinforces and expands upon 20th-century economist Joseph Schumpeter\u2019s concept of creative destruction. Some things need to break in order for the whole to improve, and we resist this tendency \u2014 by coddling fragile systems such as [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[484],"tags":[365],"class_list":["post-5244","post","type-post","status-publish","format-standard","hentry","category-antifragile","tag-book-review"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/5244","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=5244"}],"version-history":[{"count":1,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/5244\/revisions"}],"predecessor-version":[{"id":5245,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/5244\/revisions\/5245"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=5244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=5244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=5244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}