Monday, June 06, 2016
"The Big Short' is an Indictment of Our Financial System
A lot of people incorrectly believe that the financial system is stable. The biggest problem is that people interpret the status quo as stable when in fact there are many problems that underly our contemporary economy. The wonderful book "The Big Short," shows that people who think critically may have a good chance of understanding inherent weaknesses that exist in our economy, and, even more importantly, may have an opportunity to place spectacular bets against irrationality.