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.

Mar 24, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 8:22 a.m. UTC

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.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

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 a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
DLCX: CoinDesk’s Large Cap Index

Large Cap Index (DLCX)

Large Cap Index (DLCX)

2
MicroStrategy’s New CFO Says Bitcoin Strategy Unchanged Amid Market Drop: Report

Andrew Kang spoke to the Wall Street Journal Wednesday regarding MicroStrategy's bitcoin strategy.

Andrew Kang spoke to the Wall Street Journal Wednesday regarding MicroStrategy's bitcoin strategy.

3
First Mover Americas: Hashed Takes $3.5B Hit on LUNA as Bitcoin Trades Under $30K

The latest moves in crypto markets in context for May 19, 2022.

The latest moves in crypto markets in context for May 19, 2022.

4
SingularityNET, SingularityDAO Receive $25M to Accelerate AI-Backed DeFi

Global investment group LDA Capital committed the funds and will provide strategic support.

Global investment group LDA Capital committed the funds and will provide strategic support.