Dec 9, 2008

Nassim Taleb on deflation and Henry Paulson

I know that we're going to have massive deflation. The overhang of debt, massive deflation. Debt needs to be reduced. And [Henry] Paulson seems to be doing a good job. Particularly that they were part of the cause of what happened. It's quite commendable.

~ Nassim Taleb, "A conversation about economics with Nassim Taleb," Charlie Rose, December 3, 2008

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