CoinDesk Podcast Network

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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ABOUT

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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

HOST

CoinDesk

CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.

We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.

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