(2009-04-16) Taleb Avoiding Black Swans

Nassim Taleb on redesigning the financial system to avoid Black Swan risks (Credit Crisis 2008). Then we will see an economic life closer to our biological environment: smaller companies, richer ecology, no Leverage. A world in which Entrepreneur-s, not bankers, take the risks and companies are born and die every day without making the news.

Arnold Kling has some pushback on bits.

J P Rangaswami compares Taleb's rules to those used in Open Source project Governance.