Friday, June 11, 2010

Nassim Taleb: Look for a Currency Without a Government

I listen to anything Nassim Taleb has to say. Aside from his fascinating book, (The Black Swan), he is one of the few people commenting on our situation whose ideas seem to make some sense.

The theme of this video might be simply that no government can borrow and spend its way out of debt. Of course he's unpopular! He's telling us that we can't have it all and send the bill to our children forever.

At 8:45 into the video, Taleb is asked about investment choices to help us survive the current/coming crisis, and tells us that he can't share those. He is willing to say that "You have to look for a currency without a government."

That seems pretty clear to me. What do you think?





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