BREAKDOWN: 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.

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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 buy backs being illegal
  • Why cronyism is not capitalism
  • Why bailouts and other types of intervention help zombie companies that should perish
  • A debate about whether the “cure is worse than the disease”
  • The costs of a 0-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