Economics Basics And The Futility Of Bailouts With Jason Hartman


Manage episode 266601232 series 164455
By Patrick Donohoe. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
In the midst of an economic crisis that none of us has any control over, it would be interesting to know what the government is doing. Does bailing out companies really work? What things do we need to understand to make sense of this crisis? , the Founder of the and host of , returns to the show with Patrick Donohoe for a short but insightful discussion of this issue. They go back to some of the basic principles of economics and reiterate the very nature of the economy and what really matters most in the creation of wealth – capital formation. Taking cues from the Austrian School of Economics, they argue that the failure of some businesses is a necessary, albeit painful, learning experience of how to provide a service, thus making bailouts not only unnecessary but counterproductive. Love the show? Subscribe, rate, review, and share! Join The Wealth Standard community today:

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