What a great share BSOG. That guy is awesome. He’s clearly Austrian in his economic understanding, a systems thinker. A man of integrity. Lots of great nuggets and themes in there- the lies being told by the government and the media, the lack of fiduciary responsibility of financial professionals, the dubiousness and moral consequences of current monetary policy, the lack of accountability in society in general, the widespread loss of a long-term time preference. His tone when comparing his the lack of demand for his “rare approach” to the erosion of the arts is so casual. “It’s what the market wants.”
(Is society decaying because of what the market wants, or is the market irrational because society is decaying?)
I feel remotivated to finally read Taleb’s works.
EDIT: Found this. A full-blown Spenglerian. I love this guy!
“There is no argument in that we live in dismal times. The subprime crisis was merely the prelude of the financial chaos that has ensued. Yet, it is not the consequences of such financial crises that matter as much as the recognition that we are suffering from a deeply-rooted moral crisis.
The subject may be scholarly but its impact affects us all. I point you (again) to Guido Hülsmann’s The Ethics of Money Production as a primer on the genesis of our global ailment.
From a capital owner’s perspective, this moral crisis has considerable implications since its economic consequences arise from a larger framework of structural malaise. Four such characteristics are pertinent: fraud, illiteracy, lawlessness and poverty.”
https://www.cobdencentre.org/2010/12/go ... ive-value/