Russ Roberts on Capitalism, “Too Big to Fail” and Crony Capitalism

Here is a great short article on our modern economic situation. Atlas Shrugged by Ayn Rand in living color. Here’s a taste: “Capitalism is a profit and loss system. The profits encourage risk-taking. The losses encourage prudence. If the taxpayer almost always eats the losses for the losers, you don’t have capitalism. You have crony capitalism.”

SDG,
The Farmer

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