Only Ponzi schemes should depend on confidence. Governments should never need to restore confidence. Cascading rumours are a product of complex systems. Governments cannot stop the rumours. Simply, we need to be in a position to shrug off rumours, be robust in the face of them.


Ten principles for a Black Swan-proof world (2009)


Only Ponzi schemes should depend on confidence. Governments should never need to restore confidence. Cascading rumours are a product of complex...

Only Ponzi schemes should depend on confidence. Governments should never need to restore confidence. Cascading rumours are a product of complex...

Only Ponzi schemes should depend on confidence. Governments should never need to restore confidence. Cascading rumours are a product of complex...

Only Ponzi schemes should depend on confidence. Governments should never need to restore confidence. Cascading rumours are a product of complex...