SLP153 Philipp Bagus - What Most People Get Wrong About Deflation
Stephan Livera Podcast
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Bankruptcies Are Not Something Bad in Its Own Right?
Bankruptcies are not something bad in itself. They are actually very, very important in a free market. bankruptcy basically means that er the scarce resourseurces of society have been employed in a bad way. Consumers want other prod more more urgently and the loss is our sign that this means, stop this. Close this business,. re locate the resources to produce something that are that is more urgently needed.
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