Give and take ...

... The New Yorker Summit: Paumgarten Among The Cassandras. (Hat tip, Dave Lull.)

“I don’t know what better regulation means,” Taleb says, after Shiller dismisses his claim that regulators don’t work. Taleb calls Shiller a “top-down economist” and refers to himself as a “bottom-up libertarian.”

I'm with Taleb on this.