The sagacious rants of Chun Piow

Wednesday, August 19, 2009

NASSIM TALEB ON THE FINANCIAL CRISIS

Nassim Taleb, author of the New York Times bestseller The Black Swan, explains why the remedies proposed by the government to boost the economy actually serve to not only reward the irresponsible individuals who got us into this crisis, but also inadvertently punish those who made prudent decisions throughout the years.












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