Just thought I’d let you know where the foremost apostle of the gospel of robustness is putting his political money. Nassim Taleb assures us that it is not because of the chances of Paul winning the presidency but because of the fact that he’s the only one who even gets the problem. He was on CNBC last week and this is what he had to say.
The gravity of our problems seems to me, as it does to Taleb, extreme. How can we continue to go about printing and spending money without ever having to pay for it? Frighteningly, the foremost spokesman for building a robust economic system capable of withstanding severe shocks thinks that Romney and Santorum are no different than Obama in any substantial way. Wow. What does that tell you? Taleb is mentally ill? If not, how does our way of life survive? Ron Paul as president is our only chance according to Taleb. Remember, he was one of the few people who criticized the pre-2007 financial world for creating a house of cards which was bound to fall. If the chance of Ron Paul winning is the same as the chance Taleb thinks that we can avoid another 2008-10, what does that tell you? Whatever it is, I think it’s safe to say that he’s telling us that it is not a pretty picture.
Short and Sweet Blog 