Investing in Uncertainty Wall Street Pseudo Economics (Nassim Taleb author: The Black Swan)

[labbalabba1000]

Nassim have identified the problem and explained the problem but he dont have a solution for the problem

[flipdabird02]

Nassim talks at the concept / philosophy level so don't expect him to have answers at the micro level. Also, it's obvious that the govt. has taken money from the money pot meant for the people and spent it for their own selfish needs. So something reckless that has already happened cannot be fixed. The people will have to suffer regardless if they sat quietly or revolted. Take your medicine people and start fresh and hopefully you won't be fooled again.

[causeandmistake]

he really seemed to want to avoid addressing specifics with tax and medicare lol

[hhaassaann134]

How DO you convert federal debt into equity?

[youngmogul86]

@hhaassaann134 Inflation--- The value of the dollar goes down, and the existing debt is instantly easier to repay.

[hhaassaann134]

@youngmogul86 dont think you get my point. im talking about convertible debt that firms can issue. how can a govt issue convertible debt. who get shares in the govt?

[lavedon]

@hhaassaann134 Great point.

[ssk081]

How do you convert federal debt into equity? I think he should have said, "I don't know"........

[special1740]

How do you renegotiate Medicare debt? Hello!

[princem12]

Medicare is not in debt yet. It will be in the future. The only way to renegotiate is to change the healthcare system, which they are trying to do. Don't be a sheep man. Medicare debt is an easy fix, but no one wants to do the necessary measures to do it. Classic collective action problem.

[special1740]

How is Medicare debt an easy fix?

Please explain it to me. I would like to know.

Is your solution to kill all retirees? :-)

[princem12]

@special1740 No one wants to get rid of medicare, but no one wants to pay for it either. We cannot continue to lower taxes for EVERYONE and still try to pay for all of the things we want to do. We're killing our retirees by not agreeing to any sort of tax increases. We want social programs but we want to keep paying low taxes. We want safeguards, but don't want to increase government. It starts at the top, but when I say easy I mean in comparison to other things like infrastructure.

[special1740]

Reporter to Nassim Taleb:

"How do you renegotiate Medicare debt?"

Nassim Taleb: "mumble, mumble, mumble, mumble."

[special1740]

He is finally talking about the monetary policy.

He would mumble on the subject before.

Sneaky dude.

[Tuniskat]

you are a pseudo expert!

[AFRIKTODAY]

Idiot! What are you talking about? He never claimed to be an expert!