This post has been graciously submitted by The Grub Spot:

Nassim Taleb has been out in front of this crisis with his Black Swan theories.  Like Nouriel Roubini, he has become a media phenomenon as of late.  Today, the FT has Taleb out front and center with 10 principles to Black Swan-proof the economy.  Like a recovering drunk or drug addict, this economy requires punitive measures and the right incentives for such dangerous financing activity to never occur again, according to Taleb.

I like principle #3: People who were driving a school bus blindfolded (and crashed it) should never be given a new bus.

Taleb says:

The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with the failure of the system. It is irresponsible and foolish to put our trust in the ability of such experts to get us out of this mess. Instead, find the smart people whose hands are clean.