by dalylab
(per Infectious Greed)
Normally I don’t think too much of Time Magazine, but Kurt Andersen’s article “The End of Excess” really caught my eye. It takes a view as to how the current crisis can result in an improved version of America. The whole thing is worth reading, but this blockquote is particularly good:
“History [...]
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A World Without Black Swans
by robokow
Contrarian-du-jour Nassim Nicholas Taleb has published Ten Principles for a Black-Swan Free World in the FT. My favorites:
3. People who were driving a school bus blindfolded (and crashed it) should never be given a new bus. The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with [...]