5min chapter

The Compound and Friends cover image

Black Swans, Stock Market Crashes and the Chaos Kings

The Compound and Friends

CHAPTER

The Fed's Disdain for the Fed

Taleb: Many on Wall Street hue to the libertarian side of political philosophy. Any kind of government intervention is seen as something that's just going to make things worse, he says. Stegel now is arguing that so much risk is built up in the system,. He calls it a mega-tender box time bomb. And the Fed is not going to be able to do anything., Taleb writes.

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