The real cause of the financial crisis -- An MIT Blackjack Team perspective

"According to LEAP/E2020, if this alternative to the currently collapsing system has not been initiated by this summer 2009, proving that there is another solution than the « every man for himself » approach, today’s international system will not survive this summer."

aoeu2• 17 years ago

> What do you know about the merits of this article?

Personally, not much actually - I hadn't heard of them either. However, I find the site to be addictive reading and the generally positive comment sections add weight to the articles.

I am convinced however that our current monetary system is fundamentally broken..

http://www.theoildrum.com/node/4611

khafra• 17 years ago

This makes it clearer than any Taleb article I've read that black swans aren't just an external danger to investments; they're invited, even mandated, by the very structure of the market. I hope someone can come up with a better solution, though; I can't see money management being outlawed in anything less than a zombie apocalypse.

The real cause of the financial crisis -- An MIT Blackjack Team perspective

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