Brian Lamb Interviews Russ Roberts & John Papola on the Hayek vs Keynes “Fight of the Century” Rap Video

This is just excellent:  

Nassim Taleb Interviewed by Russ Roberts

A truly outstanding discussion of risk, hyperinflation, Wall Street, debt, science and other topics.

Taleb’s web site is here, and some of the new material discussed in the interview from the new paperback edition of The Black Swan is available here.

Russ Roberts — Government Pathology Powered The Housing Finance Trainwreck

Non-pathological markets require non-pathological institutions — and America has neither as Russ Roberts explains.

Note well:  Hayekian analysts were pointing to many of these pathologies and others before the crisis hit.   Non-pathological markets also require a non-pathological class of regulatory, political, and scientific elites.  Institutions won’t change until the intellectual and moral pathology of . . . → Read More: Russ Roberts — Government Pathology Powered The Housing Finance Trainwreck

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Random Quote

I think the first member of the small group who exchanged something with an outsider .. the first man above all who claimed private property for himself .. contributed to an ethic that made the worldwide exchange society possible. — F. A. Hayek

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