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Author: arrete Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 726241  
Subject: Is the economy orange and fluffy? Date: 3/25/2013 3:07 PM
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>> 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
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