Nassim Taleb: US Federal Reserve will Cease to Exist in 25 years

Nassim Taleb celebrated author of the Black Swan theory makes a bold forecast

The Federal Reserve won’t exist in 25 years and the reappointment of Ben Bernanke as head of the central bank was a “management failure,” said Nassim Taleb, author of ‘The Black Swan.’

Allowing Bernanke to stay at the helm of the Fed is equivalent to “letting an unqualified pilot fly a plane,” Taleb, a principal at Universa Investments LP, told a conference in Moscow, Russia today.

From Moneynews.com