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

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

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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 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.