
Nassim Nicholas Taleb on the Financial Crisis
EconTalk
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How Complexity Cannot Tolerate Leverage Anymore
After the black swan istot, i realize that complexity cannot tolerate leverage any more. Coupled with a rising complexity, means you can deliver the world, can deliver large deviations very quickly,. And we see that in commodity prices as well. Soat such a sharp rise in response to a very small and balance and demand followed by such a rapid collapse. Were now in march and early march. And not long ago we were talking abouthe inflation. And now peeple ar talk about this lation. When i don't want i paint this is just disaster. There're many wonderful things about it. Look at you rigt own oting. It does provide a mecin
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