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BAILOUTS DESTROY FREE MARKETS

Further read: https://mises.org/wire/why-central-bank-bailout-everything-will-be-disaster

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Daniel Lacalle
Daniel Lacalle has a PhD in Economics and is author of Escape from the Central Bank Trap, Life in the Financial Markets, and The Energy World Is Flat.
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3 comments

  1. Israel de Lamo

    This zombified structures is the same idea that Nicolás Taleb mention regarding resilence and the problem with big companies. The taxpayers have to "keep alive" enormous structures even when they are dead, just because they are too big to fall.

  2. javier armada

    Soooooo sad Sanchez doesn´t get it… Thanks for the enlightenment anyway.

  3. ALBER PAJARES

    One shop in the whole world?

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