Nassim Taleb: Don’t Listen to Geithner or Krugman
1st October 2010
Taleb explained his simple metric for judging whose economic opinions are worth his time: “Did someone predict the crisis before it happened? … If the answer is no, I don’t want to hear what the person says. If the person saw the crisis coming, then I want to hear what they have to say.”
“You have a million people on this planet who call themselves economists,” Taleb said. “How many people understood the risks of the system [before the crisis]? … Paul Krugman was not one of them.”