Podcast
Questions and Answers
What is Taleb's opinion on cryptocurrencies?
What is Taleb's opinion on cryptocurrencies?
- They are reliable stores of value
- They are a good way to make money
- They are not a reliable store of value (correct)
- They are a means of protecting against catastrophic events
What does Taleb believe is the reason for the popularity of cryptocurrencies?
What does Taleb believe is the reason for the popularity of cryptocurrencies?
- People are attracted to the "Disneyland" economy
- People are critical of the Federal Reserve's monetary policy (correct)
- They are Ponzi-like investments
- They are a way to make money quickly
What does Taleb think of Ben Bernanke?
What does Taleb think of Ben Bernanke?
- He is a good leader
- He is a reliable source of information
- He overreacted to the 2008 financial crisis (correct)
- He is a proponent of cryptocurrencies
What is Taleb's opinion of vaccines?
What is Taleb's opinion of vaccines?
What does Taleb think of Twitter?
What does Taleb think of Twitter?
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Study Notes
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Cryptocurrencies are a result of low interest rates and the "Disneyland" economy.
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Taleb believes that they are not a reliable store of value or a means of protecting against catastrophic events.
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He also believes that they are not a good way to make money and that most of the companies in the space do not generate cash flow.
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He argues that people have been investing in these assets because they are "Ponzi-like" and that there are "malignant tumors" like bitcoin.
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Cryptocurrencies such as bitcoin are popular with people who are critical of the Federal Reserve's monetary policy.
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He has always been critical of Ben Bernanke, the former chairman of the Federal Reserve, and believes that he overreacted to the 2008 financial crisis.
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He is now a critic of cryptocurrencies, believing that they attract manipulators and scammers.
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He has also expressed skepticism about the efficacy of vaccines, and believes that the cluster of people who are critical of them and invested in cryptocurrencies are likely to be stimulated by Elon Musk's acquisition of Twitter.
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Twitter is a mess, a mix of good and bad, with a large number of trolls.
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Twitter should be used for opinion debates, but should be controlled to prevent catastrophes.
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Radicals of freedom of expression should be in the middle, treating people fairly.
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Censorship remains limited to a few, and toxic trolls continue to thrive.
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Twitter has become chaotic and some people have fled to other networks where trade moderation is stronger.
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The right in France has shifted to the extreme right, with Eric Zemmour being a prominent figure.
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Zemmour's views on immigration and integration are discomforting to some people.
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In the United States, immigrants are generally conservative and want to protect what they have acquired.
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The French right is not liberal in the classic sense and is not able to deal with immigration in a similar way.
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