Ep. 913: Two Math Guys with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Incentives in the Economy
Incentives are to take more risks than they want bailouts are. Big firms, you know, control a lot of the economy. A failure of a firm like that can really spell trouble. The answer is not to have too much of the economy in the hands of a small number of firms. That says you don't have to make bailouts. The company fails. And that will create the incentives to be careful, okay? Not to take undue risks.
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