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Bernanke doesn’t understand risks of QE2, says Taleb By Prieur du Plessis, on November 18th, 2010 posted in: Economy, US  3 people had their say - chime in!
Nassim Taleb, New York University professor and author of “The Black Swan: The Impact of the Highly Improbable“, discusses the Federal Reserve’s decision to initiate another round of quantitative easing. He also talks about his new book “The Bed of Procrustes: Philosophical and Practical Aphorisms”. Also read the thoughtful article by Paul Sandison entitled “The Time is Overdue for the US to Sober Up on Spending and Industrial Policy”. Source: Bloomberg (via YouTube), November 12, 2010.
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for goodness sakes, tell us what is wrong with what has been done and stop telling us how bad bernake was.
Roy, if you have followed the critiques of the Federal Reserve in many different places around the net then what he has done wrong is well known and common knowledge. If you look around, you will find a lot of criticism of the Fed over the last 25 years.
If this angle really is new to you you then you will probably get some more details from Taleb’s books. You see, he is not likely to tell all in an interview because then he wouldn’t get any books sold. But here is another look at the current critique of Bernanke et al, just for a start:
http://www.cnbc.com/id/15840232?video=1652444479&play=1
Good luck!
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