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Nassim Nicholas Taleb on Work, Slavery, the Minority Rule, and Skin in the Game

EconTalk

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Introduction

Sim nicholas tolleb: Government makes things possible by the mechanisms of bail outs. He says that when it goes well, a person can transfer risks into the future and against immediate payments. In modernity we temt to judge people on numbers because there's no survival involved in it,. So i like this general point about a, what you call a reuben trade."

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