No. of Recommendations: 4
>> Taleb: Exactly. What people fail to understand—and this is what libertarians tend to pick up rather quickly—is that even when you read Adam Smith, you have this illusion that the economy functions like a machine. But it’s not like a washing machine. A washing machine needs maintenance. It’s more like a cat than a washing machine. A human body needs some stressors. And everything organic and complex communicates with the environment via stressors. <<

http://reason.com/archives/2013/03/24/how-debt-ruins-systems...

Interesting interview with Taleb.

arrete
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement