This is a must see interview. While I believe that Newt Gingrich is addressing the structural problems as well and has a better chance of getting it done, everything else Prof. Taleb says is spot on, and I mean spot on. This is one of those interviews that one should listen to several times.
Pay close attention to what Prof. Taleb says about the structural fiscal and monetary problems. Also listen to what he says about the value of loss in a market and how it is critical to keeping the economy healthy. Very few economists understand this critical fundamental law of economics.
Special thanks to Tamara de Silva for pointing out this interview to us.
If this were happening in America every single day would you take this? Would you demand that the country launching them, and any that assisted be bombed into the stone age? This is what Israel has tolerated for years and even under this barrage their acts to defend themselves are very limited. If this was happening to Americans would you demand such a limited response? So why do we ask Israel to do what we would not?
Congressman Davis took the award from a group called “People’s World”.
This is from People’s World’s about page:
People’s World and Mundo Popular are known for partisan coverage. We take sides. Yours. The editorial mission is partisan to the working class, people of color, women, young people, seniors, LGBT community, to international solidarity; to popularize the ideas of Marxism and Bill of Rights socialism. The websites enjoy a special relationship with the Communist Party USA, founded in 1919, and publish its news and views.
“If you are not careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.” – Malcolm X
Political Arena 