If you claim to want market discipline, then let the free markets punish bad investors by giving those assets to wiser investors. However, Governments will not allow the politically connected to suffer market discipline and would rather hazard the whole world with a total financial collapse.
If you claim to want market discipline, then let the free markets punish bad investors by giving those assets to wiser investors. However, Governments will not allow the politically connected to suffer market discipline and would rather hazard the whole world with a total financial collapse.
Disappointing. Nothing profound here. Just simple statements. Good idea to speed up the video, both of them talk REALLY really slowly.
U dummie hehe
Everything is a simple statement
Ludwig von mises institute ftw.