READ. USE IN DEBATE. Reality needs assistance in the face of ideology myth and d

http://keithhennessey.com/2013/09/12/observations-paper/MUST READ. USE IN DEBATE.

Reality needs assistance in the face of ideology myth and dogma.

CRISIS BULLET POINTS

Taleb is right: We must not create fragility. (My argument is that we must preserve calculability if we use fiat credit. )

SUMMARY

“Narrative 3: “Everyone” was at fault: Wall Street, the government, and our wider society. People in all types of institutions and as individuals became blasé about risk-taking and leverage, creating a bubble across a wide range of investments and countries.”

http://keithhennessey.com/2013/09/12/observations-paper/

http://www.brookings.edu/research/papers/2009/11/23-narrative-elliott-baily

http://www.brookings.edu/~/media/research/files/papers/2009/11/23-narrative-elliott-baily/1123_narrative_elliott_baily.pdf