Category Archive for : ‘Resilienz Gedanken’

Der Altmeister hat gesprochen – zwar schon vor einer Weile, aber noch immer brauchbar: 1. What is fragile should break early while it is still small. Nothing should ever become too big to fail. Evolution in economic life helps those with the maximum amount of hidden risks – and hence the most fragile – become the biggest. 2. No socialisation of losses and privatisation of gains. Whatever may need to be bailed out should be nationalised; whatever does not need a bail-out should be free, small and risk-bearing. We have