Curtis Yarvin & Dave Smith - Episode #241
"YOUR WELCOME" with Michael Malice
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The Difference Between Libertarianism and Money Printing
In a bankruptcy you're converting debts that can't be paid into equity that will basically deliver the same amount to everyone who is owed that debt. So what you're doing in a bankruptcy is almost kind of rationalizing a system that's sort of relatively insane and i think it's being operated very very poorly. The fact that every the price of everything is always like completely going up the boom bust cycle continues, so if we were even treating the american government like a firm if we're really treating it like a firm and it's going through bankruptcy i don't think the process would change much.
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