I like the metaphore you use in the essay is, well, it's better to have some map than no map. And that makes at, i want to come back to that, but that makes forecasting difficultad. Instead of telling people osi what doesn't work, people get offended. Ptiy hone of the best thare lives in it. I got into a state of rage because an economist sitting next me said he liked deficits.
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.