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Bob Grayson's avatar

Still waiting for Taleb to re-brand his "Harvard-Kremlin Economic Model" to "Harvard-Kremlin-Berkeley Model" in his next book whenever that is. Janet needs to be acknowledged

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Jimbob's avatar

I'm old enough to remember when the Fed was called "the lender of last resort" and not "the buyer of every crap instrument issued by its owners and their pals".

Good on ya for using Adam Smith in context. He gets a bum rap from all sides.

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