“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny
23 February 2009
Nassim Taleb Says "US Financial System Designed to Blow Up"
Nassim Taleb had an extraordinarily good interview on Bloomberg Television today.
It is worth it. The story on Bloomberg does not really capture what he said and how he said it.