Description: U.S. President Barack Obama and his administration weakened the country’s economy by seeking to foster growth instead of paying down the federal debt, said Nassim Nicholas Taleb, author of “The Black Swan.”

Source: Bloomberg.com
 
Date: 09/25/2010

Link: http://www.bloomberg.com/news/2010-09-25/-black-swan-author-taleb-says-obama-s-stimulus-made-economic-crisis-worse.html

Questions for discussion:

• What is the basis of Taleb’s criticism of government handling of the economy?
• Do you agree with his arguments?
• What do you think would happen to real estate prices and builders if government phased out mortgage interest deductibility on income taxes?
• What would you suggest  is a solution to the current economic situation?