Tuesday, March 13, 2012
Taleb on the Current Situation
A video interview by Carl with Nassim Taleb at CNBC. This is tough to watch as I really enjoyed Taleb's first book ("Fooled....") and have a lot of respect for his math skills. He would do well to get read into MMT.
He's down for Ron Paul on deficits, the Fed, the military, and no bailouts. Thinks Ron Paul is doing "chemotherapy" on the "swelling government deficits" which will make us sick, but it is necessary and is working in Europe. Thinks we are "gambling with the future generation's money", and using "novacaine after novacaine". Doesn't trust the other GOP candidates "on deficits".
Claims he is simply doing his duty as a US citizen. Doesn't trust US Treasury bonds, and is afraid of hyperinflation and is holding Euros as a hedge.