Nassim Nicholas Taleb has a nice article at the NewStatesman.

Debt implies a strong statement about the future, and a high degree of reliance on forecasts. … debt is dangerous if you are overconfident about the future and are Black Swan-blind – which we all tend to be.

Read it here.

Professor Paul Cantor:

A static perfection is a bad ideal for humanity, and attempts to impose an artificial order on the world only succeed in creating greater disorder.

Read the rest of the interview @Mises Economics Blog.

Tom Hodgkinson from The School of Life writes about evils of usury. But I’m not buying many of his arguments. Read the rest of this entry »

While financial reform is needed, there’s no reason to wait for it. Sarbox is already there. And even if financial reform is enacted without loopholes, there’s no reason to think it will be enforced if laws already on the books, such as Sarbox, aren’t. @Robert Reich Fraud on the Street

The 20th century was a century of the redistribution of wealth; the 21st century will probably be a century of the redistribution of work. @Futurity.org – Will 90 be the new 40?