Government and Skin in the Game
Nassim discusses the natural tendency for localized systems to enforce skin in the game, while larger systems lack this incentive. He emphasizes the need for minimal government intervention, with regulation only in cases of market failures or systemic threats. The conversation also touches on the difficulty politicians face in allowing natural consequences for banks and the negative impact of lobbyists in a convoluted government system.In this clip
From this podcast
EconTalk
Nassim Nicholas Taleb on Skin in the Game
Related Questions