Posted on 10/01/2010 5:34:36 AM PDT by Lonesome in Massachussets
Since Tim Geithner did not predict the economic crisis, Nassim Taleb has no interest in listening to him talk about it now. The author of The Black Swan, a book about risk and probability theory, told National Journal's Matthew Cooper that he did not listen to Geithner, who preceded him at the Washington Ideas Forum.
(Excerpt) Read more at theatlantic.com ...
Who doesn’t have more cred than those three srooges?
make that stooges...! LOL
Nor di Bernanke or Greenspan see any recessions coming.....as they made rosy predictions based on their own accessment of their ability to control the economy....
Taleb explained his simple metric for judging whose economic opinions are worth his time: “Did someone predict the crisis before it happened? ... If the answer is no, I don’t want to hear what the person says. If the person saw the crisis coming, then I want to hear what they have to say.”
Other unlucky economic figures who failed Taleb’s test included writers Paul Krugman and Thomas Friedman.
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