Nassim Taleb : Authorities 'Will Fail Us Again'

The Obama administration's attempts to fight the financial crisis with more cash is like treating a bad tooth with Novocain instead of a root canal, Nassim Taleb, author of "The Black Swan," told CNBC Wednesday.

The main problem is the level of debt, and Taleb compared the authorities' efforts with those of a not very skilled pilot who is trying to land a Concorde on a narrow strip, between an ocean of deflation and a mountain of hyperinflation."These people failed us, they're going to fail us again," Taleb told cnbc.

More at : http://www.cnbc.com/id/31203621

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