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

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

By CoinDesk

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 weeksWhy price and value are not the same thingWhy 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 perishA 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

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