Economics Archives - Page 2 of 2

Why are we seeing an explosion of research from China, India, Iran, Turkey, Pakistan, Malaysia, etc.?

A tiny bit of growth leads to nonlinear effects in the tails. As education improves 1 STD, the number of PhDs is multiplied by 42.

Need to calibrate with real nmbrs. pic.twitter.com/QRctYvJ6Qs
— Nassim Nicholas Taleb (@nntaleb) July 6, 2024

2/This is not about paper mills, etc., but genuine research (i.e., in Nature Index) and doctorates in medicine.
Also this applies to skills in the tails, like STEM pple, not just PhDs.
— Nassim Nicholas Taleb (@nntaleb) July 6, 2024

Explaining the debt/death spiral. Some of my comments were spreading on social media (they was a a discussion in Congress).

Debt servicing = 40% of the past deficit. Next year we will pay interest on that. Debt servicing will reach 70% ,80%, displacing other expenditures.

On… pic.twitter.com/gsbiiVm5p3
— Nassim Nicholas Taleb (@nntaleb) February 1, 2024

Errata: 30 Trillion not Billions.

Black Swan author Nassim Nicholas Taleb said the US deficit is swelling to a point that it would take a miracle to reverse the damage.

Category: Economics

[Twitter/X] Nassim Nicholas Taleb Explains the Research Surge in Developing Countries

[Twitter] Explaining the debt/death spiral

Bloomberg: Nassim Taleb Says US Faces a ‘Death Spiral’ of Swelling Debt