In economic life and history more generally, just about everything of consequence comes from black swans; ordinary events have paltry effects in the long term.
Nassim Nicholas TalebIs the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.
Nassim Nicholas TalebBeing an economist is the least ethical profession, closer to charlatanism than any science.
Nassim Nicholas Taleb