Speculative Issue in a Commodity Price Competition

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i wonder how much of it comes from a the same mistake said mister greenspan in easy credit, i'm not sure. I think there is also something else that that people talk like goralization, not realizing that coalization has side effects. Sonte come back to inflation, i think. But i mean, te spectt the speculative issue in a commodity prices, i think, as i don't think we fully understand it.

Nassim Taleb talks with EconTalk host Russ Roberts about the financial crisis, how we misunderstand rare events, the fragility of the banking system, the moral hazard of government bailouts, the unprecedented nature of really, really bad events, the contribution of human psychology to misinterpreting probability and the dangers of hubris. The conversation closes with a discussion of religion and probability.