Skin in the Game: Let the unemployed & those earning below some threshold decide on minimum wage, not some virtue signaling bureaucrat. - Nassim Nicholas Taleb

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Skin in the Game: Let the unemployed & those earning below some threshold decide on minimum wage, not some virtue signaling bureaucrat.

English
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About Nassim Nicholas Taleb

Nassim Nicholas Taleb (born 1 January 1960 in Amioun, Lebanon) is an essayist, epistemologist, researcher, and former practitioner of mathematical finance.

Biography information from Wikiquote

Also Known As

Alternative Names: Nassim Taleb
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Additional quotes by Nassim Nicholas Taleb

Those who believe in the unconditional benefits of past experience should consider this pearl of wisdom allegedly voiced by a famous ship’s captain: But in all my experience, I have never been in any accident… of any sort worth speaking about. I have seen but one vessel in distress in all my years at sea. I never saw a wreck and never have been wrecked nor was I ever in any predicament that threatened to end in disaster of any sort. E. J. Smith, 1907, Captain, RMS Titanic Captain Smith’s ship sank in 1912 in what became the most talked-about shipwreck in history.*

English does not distinguish between arrogant-up (irreverence toward the temporarily powerful) and arrogant-down (directed at the small guy).

2) The danger of Nationalism is an absorption of values: lives of others don't count: Both H & W Bush counted only U.S. soldiers. For Salafis, lives of infidels don't count. For a localist everyone counts, but your obligation to family members is greater.

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