Fiscal Cliff is Good? (in the long run)

The rapidly approaching fiscal cliff will benefit the country in the long run by wiping out complacency when it comes to managing the economy, said Nassim Taleb, the author and financial guru whose 2007 book “The Black Swan” predicted the current financial crisis.

At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.

Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run

 FROM MONEY NEWS;

The rapidly approaching fiscal cliff will benefit the country in the long run by wiping out complacency when it comes to managing the economy, said Nassim Taleb, the author and financial guru whose 2007 book “The Black Swan” predicted the current financial crisis.

At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.

Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run

 The rapidly approaching fiscal cliff will benefit the country in the long run by wiping out complacency when it comes to managing the economy, said Nassim Taleb, the author and financial guru whose 2007 book “The Black Swan” predicted the current financial crisis.  At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.  Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run

The black swan fiscal cliff

The rapidly approaching fiscal cliff will benefit the country in the long run by wiping out complacency when it comes to managing the economy, said Nassim Taleb, the author and financial guru whose 2007 book “The Black Swan” predicted the current financial crisis.

At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.

Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run

The rapidly approaching fiscal cliff will benefit the country in the long run by wiping out complacency when it comes to managing the economy, said Nassim Taleb, the author and financial guru whose 2007 book “The Black Swan” predicted the current financial crisis.

At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.

Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run

The rapidly approaching fiscal cliff will benefit the country in the long run by wiping out complacency when it comes to managing the economy, said Nassim Taleb, the author and financial guru whose 2007 book “The Black Swan” predicted the current financial crisis.

At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.

Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run