Nassim Nicholas Taleb Quotes

The biggest change we have to tackle that's out there is that we're digging the hole deeper and deeper and spending is totally out of control. And that's something that, quite frankly, is affecting future generations. You're giving a lot of debt to them and you can't keep doing it. It's not helping anybody.

We are facing extreme volatility.

The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.

Solving a problem created by debt... by creating more debt is a fool's errand.

[Federal deficits] are like an athlete taking steroids. You get a short term boost and long term damage.

If you have 'too big to fail' for cities or for states, and they believe they'll be bailed out, they'll continue to make unwise decisions.

Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans is not a good debtor.

We are at crisis point. I think anybody that sees this nation as being on stable economic or fiscal ground is fooling themselves.

A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.

Overwinding happens when hedge funds destroy companies by attempting to leverage derivatives against otherwise productive long-term assets.

The same undisciplined government spending and social engineering that has undermined our economy over the past 30 years has also been tearing at the social fabric of this land.

Many of our problems are home-grown. Gordon Brown regularly advised the rest of the world to follow his British model of growth. But the model was flawed. It led to the highest level of household debt in relation to income in the world.

Growth based on debt is unsustainable, artificial.

A disordered currency is one of the greatest political evils.

The Fed Note is essentially unsound. It is the worst currency and the most dangerous that this Country has ever known.

The single biggest threat to our national security is our debt.

The financial system is drifting back to business as usual a bit to quickly …. We are starting to see risky behavior of the sort that people were scared of after the crises

Entitlement programs are on autopilot. I’m alarmed. We’re close to the danger zone.

Everybody’s kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier…

Economic freedom is a highly desirable state -- but in bust and boom we must be prepared to face the its consequences.

I think people have to be very careful with new ideas [in fiancé and economics]. What you need to worry about is when you have something that’s a really good idea, but you get too much of it too fast, like over-the-counter derivatives.

This accumulated debt at all levels of our society poses an immediate existential threat to America. Now unlike the manufactured crises of global warming and healthcare, this is a true crisis. This crisis threatens the very sovereignty of our country.

If you lose control of your debt and deficit, you get massive cuts in things such as health and education. You get appalling insecurity, jobs lost, firms going overseas.

Since taking office in 2008, the Barrow Administration failed to stimulate the necessary economic growth. Instead they have, over the more than four years, continued on a path of borrow and spend, accumulating huge additional debts.

It's not that we can predict bubbles - if we could, we would be rich. But we can certainly have a bubble warning system.