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Nassim Nicholas Taleb on the Financial Crisis

EconTalk

Do You Think Regulation Played a Role in Creating the Problem?

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I'm looking at it the one im most familiar as a value at risk. To me, that's like crime against every form of scientific knowledge we have. And and regulators like the value ad risk cause its a number. It's a numberit makes everybody op easy. So i think the system is going to break hatave this fradil, no matter how big it is. And no government can save it. Were seeing this problem now. The g and an goisation is th rtraing a more vicious problem,. which is that nobody knows which government shill get involved.

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