Large companies wit self destroyd and the ones who survive are mall robust units, or the large ones that are more cautious. So i wanttthe nature to destroy car companies early on, so you and i don't pay for, you know, more bonices. City banks on destroyed in 19 eight, 83,. And it ive thanks to the state.
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.