"If you're going to put some kind of a sort of boundaries or some limited control of things, you need to understand that that is not completely against the rules," he says. "To trade between these two borders, you need a little bit of er, i won't say regulation, but sort of like weneed. We need to agree."
Nassim Nicholas Taleb talks with EconTalk host Russ Roberts about the manuscript version of his forthcoming book, Skin in the Game. Topics discussed include the role of skin in the game in labor markets, the power of minorities, the Lindy effect, Taleb's blind spots and regrets, and the politics of globalization.