Failing Firms Need to Go Bankrupt

Failing firms need to be allowed to go bankrupt. The government's predation on the economy in the form of spending and taxation should be reduced. Resources are thereby released that entepeners can use to re line the capital structure. No scheme which has ever been devised has ever made a collapsed boom go again. Nothing in the historical record since then has altered that verdict. So after these three episodes on this subject, our conclusion and the fede, you knew that was coming. We'll see you next time.