Nassim Nicholas Taleb, author of Black Swan, at a speech in Moscow today said the Federal Reserve will not exist in 25 years.
In his book, Taleb examines the influence of highly improbable and unpredictable events, i.e. black swans, that have massive impact.
Highly improbable and unpredictable events, I wonder what he means?
25 years?
ReplyDelete25 months.
End the Fed!
ReplyDeleteHighly improbable and unpredictable
ReplyDeleteMr Taleb is clearly out of touch with reality. If the Fed lasts even 2 years, I will eat my hat, his hat and his freaking swan...
ReplyDeleteI just hope that by the time we get a currency crisis enough people will know who was truly at fault.
ReplyDeleteI recently watched clips of Phil Donahue interviewing Milton Friedman 30 years ago. The questions from the audience members implied that the government officially blamed the American public for hyperinflation.
If they can pin 2008 on "deregulation", they'll have a good chance of pinning a crack-up boom on a similar red herring. I hope it doesn't work.