Black Swans, Complexity, And Government Intervention

Black swans really didn’t swim into global consciousness until the late summer of 2008 when the frazzled pieces of the global economy completely frayed, like the rope holding a piano dangling above a busy city street in an old silent film. But, Nassim Taleb had spotted the creature in 2007, writing about how sudden, outlying events affect the financial markets in Black Swan, the Impact of the Highly Improbable . He mentions September 11 and stock market crashes as Black Swan-type events. Wh