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Catching Up With Crypto - Weekly News Roundup

Catching Up With Crypto - Weekly News Roundup
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Detailed text transcripts for TV channel - MSNBC - 20121227:20:41:00

the crisis in the 80s. sorry. in 2000. the crisis. there was no debt. and, you know, people recovered. california s very anti-fragile because they benefit of every era, every problem. they make lemonade of every lemon. so that s the first thing is less debt in the system. it s a combination. to have an economy that s anti-fragile. you need also to have less deficit on the part of government and transfer it to the states. more decentralized decision making. why? because if you do you have decentralized errors. not one error dragging you down and last decade two errors in the down. iraq war. you know? it was a horror from human side. but it cost between 40 and 120 times the original estimates. you don t want mistake that is are very large. a fragile system is one in which mistakes are costly and the

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