Wednesday, April 22, 2009
QUOTE TO THINK ABOUT
People who were driving a school bus blindfolded (and crashed it) should never be given a new bus. The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with the failure of the system. It is irresponsible and foolish to put our trust in the ability of such experts to get us out of this mess.
~ Nassim Nicholas Taleb: Ten principles for a Black Swan-proof world
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