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Episode 235: SPAC Attack and Market Basics
MP3•Episode home
Manage episode 484153352 series 2869904
Content provided by National Review. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by National Review or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Financial innovations are demonized all the time, and perhaps David should be grateful because a low regard for capital markets is what motivated the creation of this podcast. But today he looks at SPACs and the criticisms of them as an example of how fallacious defense of central planning works. He makes the case that protection against fraud is one thing, but protection against loss is another. And ultimately, he makes the case that a system of robust financial markets has gains and losses, and that is a good thing.
…
continue reading
103 episodes
MP3•Episode home
Manage episode 484153352 series 2869904
Content provided by National Review. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by National Review or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Financial innovations are demonized all the time, and perhaps David should be grateful because a low regard for capital markets is what motivated the creation of this podcast. But today he looks at SPACs and the criticisms of them as an example of how fallacious defense of central planning works. He makes the case that protection against fraud is one thing, but protection against loss is another. And ultimately, he makes the case that a system of robust financial markets has gains and losses, and that is a good thing.
…
continue reading
103 episodes
All episodes
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