My debate with the finance minister

For the few of you that read Norwegian it has been a little debate going on between me and the Norwegian finance minister in the press (DN). In the latest comment from the finance minister she seems to be strongly under emphasize tail probabilities because the probability is so low, she seems to forget that we also need to take into account the impact of potential tail events, and the impact from a Black-Swan can be considerably.

Nassim's book “The Black Swan: The Impact of the Highly Improbable” should be mandatory reading for politicians and decision makers. They don’t have to agree on every detail, but I think and hope it could be an eye opener.

The answer from the finance minister is also re-printed at the ministery of finance web page Ministery of Finance

Did I really want to build Egyptian style pyramids? or was it a symbol for something else.....