Saturday, August 23, 2008

Alan Greenspan's Many Black Swans

Caroline Baum of Bloomberg had an entertaining column on Alan Greenspan this past week that makes for good material in Nassim Nicholas Taleb's Black Swan theory:
Alan Greenspan has presided over more hundred-year events in the last 20 years than the rest of us do in a lifetime...
Read the rest here.


  1. Priceless. Caroline Baum is a
    national treasure. For more
    savagery of the corrupted Federal Reserve, have you seen Willem
    Buiter's contribution at Jackson

  2. Student,

    I saw over at the WSJ Real Time Economics blog their coverage of Buiter's speech. I would love to see someone take apart Blinder Dutch boy and the dike analogy.

    If nothing else, one can admire Buitner's boldness is making this speech.