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.

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The price system operates as a sort of instrument of communication leading to the constant tendency towards an order [of fully coordinated individual plans] which is never fully reached .. and prices are the essential conditions of the approach toward that order. — F. A. Hayek

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