He criticizes the US for high debt and low growth, leading a fragile financial system.
He highlighted the four categories of debt-based countries: those with low growth and high or low debt, and those with high growth and high or low debt.
The US is in the category of low growth and high debt.
However, if a country accumulates high debt, then continued growth is required to absorb it, he noted.
At present, Taleb doesn't believe that the ballooning debt could be solved politically or by increased demand for US bonds...
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