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NASSIM TALEB: 'The European Union Is A Horrible, Stupid Project'

• Business Insider

One of the things Taleb discussed with Pauker was how he thinks European leaders are headed in the complete opposite direction right now in trying to solve the euro crisis.

Here's Taleb, via FP:

The most stable country in the history of mankind, and probably the most boring, by the way, is Switzerland. It's not even a city-state environment; it's a municipal state. Most decisions are made at the local level, which allows for distributed errors that don't adversely affect the wider system. Meanwhile, people want a united Europe, more alignment, and look at the problems. The solution is right in the middle of Europe -- Switzerland. It's not united! It doesn't have a Brussels! It doesn't need one.

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