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Nassim Taleb's Bridge to Get US Out of This Mess: De-Leverage by Converting Debt into Equity

Posted Jul 03 2009 1:56pm
What's 'the bridge' to get US out of our parallel healthcare mess?




(Thanks to Dave Lull for this video link)

The health insurance industry is very fragile; it's going to crash.

So, how do we convert healthcare debt into equity? The debt is unfunded health benefits liabilities; people accessing health services now and in the future that must be paid for in some way.

I have some ideas, but I would be curious to hear what thoughts are floating out there ...

On the aggregate, our bodies are far too broken (leveraged) to be serviced (debt repaid).

The parallels are there.
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