this post was submitted on 09 Dec 2025
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Here's one of the best traders talking about the same issue:
https://invidious.nerdvpn.de/watch?v=bMK8ct6ybjQ&t=1918
It's eloquent and funny at the same time.
I included a timestamp to jump (almost) directly to the most relevant bit (also 33m, but 31m sets up a better context for an extra 2min of time compared to going directly to the 33m mark). But the whole video is worth watching.
Yes, Krugman is a hack.
Being one of the best paid traders in the world does not necessarily qualify you to advise the government... There are plenty of morons who (for some time) are able to make a killing as a trader due to taking excessive risks and being sufficiently lucky for some stretch of time.