Taleb Blasts Bernanke & Greenspan, Warns “Debt Raises The Risk Of Catastrophe” | Zero Hedge

Reflecting on his \”skin in the game\” approach to risk management (forecast and over-confidence)…

\”Mr. Greespan and Mr. Bernanke are unharmed by their mistakes… but who is harmed – you, me, all taxpayers.\”

On models ignorant of tail-risks

\”borrowing money to \’create growth\’ is an incorrect thesis – take all the \’spurts\’ of growth from the Industrial Revolution onwards, debt has been used to finance wars – not a good thing…

via Taleb Blasts Bernanke & Greenspan, Warns “Debt Raises The Risk Of Catastrophe” | Zero Hedge.

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