Cronyism, Zombie Companies and the True Cost of the Coronavirus, Feat. Morgan Creek's Mark Yusko

Why dependency culture, zombie corporations and debt jubilee could be the true cost of the coronavirus.

AccessTimeIconMar 24, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 8:22 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A wide ranging conversation with the founder of Morgan Creek about how we got to shutdowns, buybacks, bailouts and where we go from here.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

Mark Yusko is the founder of Morgan Creek Capital Management. In this wide-ranging conversation, he and @NLW discuss: 

  • Why bitcoin has fallen with stocks over the last few weeks
  • Why price and value are not the same thing
  • Why stocks have been manipulated 
  • An argument for buybacks being illegal 
  • Why cronyism is not capitalism 
  • Why bailouts and other types of intervention help zombie corporations that should perish
  • A debate about whether the “cure is worse than the disease”
  • The costs of zero-risk tolerance 
  • The polarization of health vs. economics 
  • Why there should be a market holiday 
  • Why bitcoin is the last and only free market 
  • Why the big market announcements are always on Sunday 
  • Why we’re headed to debt jubilee 
  • There is a non-zero probability that Trump tries to cancel the election  
  • Why a lack of leadership is the biggest cause for pessimism today

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.