Thursday, December 18, 2008

Please return to your seat...

The essence of Taleb and Mandelbrot's argument here seems to be that in the process of over-simplifying our economic system - for reasons of efficiency - we've actually made it a whole lot more complicated, too complicated in fact for our little brains to cope with. Capitalism is about to experience the kind of heavy turbulence the like of which has never been seen before...

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