Monday, March 16, 2009

Black Swan

This interview in the WaPo yesterday with Nassim Taleb, author of The Black Swan and ferocious critic of the economics profession, is fascinating. Taleb is known for his forecasting of the current economic crisis, and he is very critical of Obama's current economic team, because they couldn't foresee any of what has happened. How will they know how to solve the problem, if they had no idea it was coming? My point exactly.

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