Economists Circling the Drain
Unable to wrap their minds around Taleb, economists are flailing into a laughable pile of insular logic. This dribble is indicative of just how unable to cope that ‘profession’ is.
Taleb’s point (or anyone worth listening to nowadays) is that the system needs a fundamental rethink. It is throwing up errors in every domain we can look for indicators within. Business as usual and traditional stop gap measures aren’t good enough. If we can change the basic assumptions, we can experience a controlled crash. However, if we continue relying upon a defunct set of ‘professionals’ (wrong economists, thieving bankers, corrupt politicians – that entire elite strata) for answers, solutions, and insight, we’re headed for a hard landing.
-Shlok
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