{"id":29712,"date":"2022-09-19T22:10:05","date_gmt":"2022-09-20T02:10:05","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=29712"},"modified":"2022-09-19T22:10:05","modified_gmt":"2022-09-20T02:10:05","slug":"black-swan-author-nassim-taleb-says-years-of-zero-interest-rates-destroyed-the-economic-structure-and-created-tumors-like-bitcoin","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2022\/09\/19\/black-swan-author-nassim-taleb-says-years-of-zero-interest-rates-destroyed-the-economic-structure-and-created-tumors-like-bitcoin\/","title":{"rendered":"&#8216;Black Swan&#8217; author Nassim Taleb says years of zero interest rates destroyed the economic structure and created &#8216;tumors like bitcoin&#8217;"},"content":{"rendered":"<p><em>Yahoo! Finance <\/em>reprinted the article <a href=\"https:\/\/finance.yahoo.com\/news\/black-swan-author-nassim-taleb-153715891.html\" rel=\"noopener\" target=\"_blank\">&#8216;Black Swan&#8217; author Nassim Taleb says years of zero interest rates destroyed the economic structure and created &#8216;tumors like bitcoin&#8217;<\/a>.<\/p>\n<blockquote><p>\n&#8220;At zero interest rates \u2026 for long periods of time, you are hurting the economy. You&#8217;re creating bubbles, creating tumors like bitcoin, creating hedge funds that should not exist but have existed for 15 years,&#8221; said the former options trader whose New York Times bestseller focuses on understanding extreme and unpredictable events.\n<\/p><\/blockquote>\n<div style=\"text-align:center\">\n    <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/cmB19l4COXE\" title=\"YouTube video player\" style=\"border:thick ridge #009900;\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div>\n<pre><\/pre>\n<p>This is why I am such a fan of Taleb.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yahoo! Finance reprinted the article &#8216;Black Swan&#8217; author Nassim Taleb says years of zero interest rates destroyed the economic structure and created &#8216;tumors like bitcoin&#8217;. &#8220;At zero interest rates \u2026 for long periods of time, you are hurting the economy. You&#8217;re creating bubbles, creating tumors like bitcoin, creating hedge funds that should not exist but [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-29712","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=29712"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29712\/revisions"}],"predecessor-version":[{"id":29713,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29712\/revisions\/29713"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=29712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=29712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=29712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}