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
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.