Economic Meltdown
"The kind of man who wants the government to adopt and enforce his ideas is always the kind of man whose ideas are idiotic" -- H. L. Mencken.
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05/14/2010
More Nassim Taleb - Both of his Books are Excellent
May 14, 2010 4:05:35 PM
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US faces same problems as Greece, says Bank of England
Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive. Just two...
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Illinois is Broke and Can't Pay its Bills
Remember.....what is happening in Greece is coming here. Only difference is that the US will not hesitate in bailing them out, and we are in much worse condition. Not only are many state in situations similar to Greece, but the US itself, is also broke. What are the government's choices?...
POB
It is amazing to me how many people do not realize the dire condition the US economy is in.
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More Nassim Taleb - Both of his Books are Excellent
Too bad they cut him short. It seems every time someone with a clear head gets the mic they are shut down. i.e. Peter Schiff.
Bottom line, media is for the typical boob tuber and would get flustered by such bold statements in defense outdated or he says nonsense academic systems.
Posted by: Peter | 05/14/2010 at 06:03 PM