Recommended Reading

Top Billing! Zero Hedge  –Taleb On “Skin In The Game” And His Disdain For Public Intellectuals 

Nassim Taleb sits down for a quite extensive interview based around his new book Anti-Fragile. Whether the Black Swan best-seller is philosopher or trader is up to you but the discussion is worth the time as Taleb wonders rigorously from the basic tenets of capitalism – “being more about disincentives that incentives” as failure (he believes) is critical to its success (and is clearly not allowed in our current environment) – to his intellectual influences (and total disdain for the likes of Krugman, Stiglitz, and Friedman – who all espouse grandiose and verbose work with no accountability whatsoever). His fears of large centralized states (such as the US is becoming and Europe is become) being prone to fail along with his libertarianism make for good viewing. However, his fundamental premise that TBTF banks should be nationalized and the critical importance of ‘skin in the game’ for a functioning financial system are all so crucial for the current ‘do no harm’ regime in which we live. Grab a beer (or glass of wine, it is Taleb) and watch…

Via Redmond Weissenberger of the Ludwig von Mises Institute Of Canada,

SWJ Blog Announcing Peter J. Munson’s “War, Welfare & Democracy” and Exemplar, Not Crusader 

….My book is in large part intended to be a corrective to the driving imperative of our foreign policy.

No matter what portion of the ideological spectrum Americans come at world problems from, their views are shaped in a way by the idea of the “end of history.” We think that political development has a single endpoint, that being liberal democracy.

I’m not arguing that there’s a better endpoint.

Instead, I’m arguing that America cannot get the world to that endpoint in the near term. America needs to be more humble in its foreign policies, more realistic than its current expectation of instant modernization without any instability, and more cognizant of the significant challenges it faces in getting its own house in order.

In a phrase, I argue that America should focus more on being an exemplar than a crusader.

First, the world is undergoing a massive wave of change, bringing rapid development and modernization to more people than ever before. I show that this change is intensely destabilizing. It took the West centuries to progress from the corrupt rule of warlords to liberal democracy.

There is no reason to believe that America can remake the world—or even a corner of it—in its image in the course of a few years. We are going to face a period of intensifying instability in the developing world and we need to understand that some things just cannot be neatly managed, much less controlled. We can’t bring on the end of history by using war to spread democracy and the welfare state (used in the academic, not pejorative sense).

Dr. Tdaxp –Science is Real. Measurement is Real. Improvement Is Real and This Too Shall Pass 

Longtime blogfriend Dr. Tdaxp has been on an epistemological tear of late.

Duck of Minerva –Podcast No. 19: Interview with Daniel Drezner and   Lifting the Combat Ban for Women: why the policy change is the right choice

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