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Housing Bubble Week Epilogue: Not All Bubbles Are Created Equal - Vernon Smith
The Joe Walker Podcast
The Difference Between Innovation and Deludes
In Japan, incumbent shareholders didn't have to take a hit and they got to share with new investors in a return on new investment. You see the difference? And that deludes. I would say, let them go bankrupt, getting new management in there and leave them alone. See, what been a much better policy? Yeah.
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