Revealing Public Debt & Trade Deficit

Last week on ZH, a column noted what the truth of our $222 trillion unfunded liabilities + debt really means. I have never heard it put so eloquently as this: If the end of history were at hand, the dollar, the Fed and federal finances would have nothing to worry about. But between history and…

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Taleb on AntiFragility

Your lecture of the week this week is a topic I think we will see much more developed in coming years. Nicholas Taleb is a wonderful mind, who explains here why upside optionality is crucial to economics and life. Though the application of the concept doesn’t strike me without serious thought, the abstract is still…

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