EconTalk cover image

Nassim Nicholas Taleb on Black Swans, Fragility, and Mistakes

EconTalk

00:00

I Don't Like to Give People a Second Chance

Those who lost money in this crisis have, instead of making money during the crisis, have a er, e er tax break. So it doesn't give you a second chance. Those who bought a bad car get adonor three thousand dollars back from the administration. But those o board a good car get nothing o. The worst thing was had here is tat moral hazard. I mean, someone makes 200 million dollars in bonnices, blows up, and the hair dresser, the school teacher pay for it as subsequently he says over the you know, showed no risknd so on. And i am convinced that win. companies wi self destroy. It's called evolution. Evolution

Play episode from 24:40
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app