Friday, November 12, 2010

Nothing is as Permanent as Things Called "Temporary" (Nassim Taleb)

In this video, Nassim Taleb's clear articulation of the effects of the U.S. government's policies regarding money printing and those affected by it are rather blunt and clearly welcome. 

His visible agitation throughout this interview, when discussing former Fed officials, his views on the morality of U.S. fiscal and monetary policy and also recalling his experiences with inflation in Lebanon is telling...

In my conversations with Latin Americans who have moved to the U.S., I hear similar views regarding monetary policy and 'stability'...they wonder how the U.S., which when they emigrated was considered the beacon of stability, could have fiscal and monetary policies reminiscent of the countries they fled...