Nassim Taleb on the Moral Hazard and Broken Economic Structure of the Western Crony Capitalists

I have had this link up, but I wanted to feature it here because so many have missed it, or missed the key message which is that the economic system is broken and that there can be no sustained recovery unless this is repaired.

When even so-called liberal economists decried the resistance to TARP, and categorized concerns about moral hazard as a kind of economic Puritanism, I knew things were