Alan Greenspan
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Alan Greenspan on financial crisis and banking
One of the most puzzling aspects in the discussion about the current financial crisis is that the situation is treated as a form of “market failure” that the Federal Reserve is simply faced with. One does not have to be a strict adherent of the Austrian School of Economics to consider the possibility that public [...]
Nassim Nicholas Taleb on Ben Bernanke
An interesting article on Nassim Nicholas Taleb in the Sunday Times:
Last May, Taleb published The Black Swan: The Impact of the Highly Improbable. It said, among many other things, that most economists, and almost all bankers, are subhuman and very, very dangerous. They live in a fantasy world in which the future can be controlled [...]
