The problem of forecasting has increased in the past 25 years, says David Frum. He wants a society where human error doesn't penalize the cter multitude. But at the same time he argues that large mistakes are crippling. "We've had ification of the world while having more fragility"
Nassim Taleb, author of The Black Swan and Fooled by Randomness, talks with EconTalk host Russ Roberts about his latest thoughts on robustness, fragility, debt, insurance, uncertainty, exercise, moral hazard, knowledge, and the challenges of fame and fortune.