What are people finding so useful about Taleb's thinking? So far haven't seen anything original to him that impressed me very much.
@simplic10 Which is pretty much equivalent to killing tens or hundreds of millions of people.
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@St_Rev Sure... I don't understand though - all economists provided this cover? Are we talking about the subprime crisis specifically? -
@simplic10 ...a) fraudulently captured huge amount of wealth and prestige from everyone else and b) fragilized the economy. -
@St_Rev OK, thanks for summary. Am I correct in jumping to conclusion that the anti-bank line is primarily abt fractional reserve banking? -
@simplic10 Fractional reserve banking is an obsession of the Austrians. Taleb isn't any kind of Austrian tho he respects Hayek. -
@St_Rev OK I will see if I can find some of his anti-econ writing. Thanks again for summary. Do you agree w him? -
@simplic10 Broadly, yes. My knowledge of macro and finance is limited, though.
End of conversation
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.