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Ep. 269: Robert Aumann Interview 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 bailouts are. Regulation should be limited to maintaining competition, which means not having too many too few large firms controlling the economy. The bank should sell its own leverage rate, so it's important to have a transparency. But beyond that, I don't think these things should be regulated for.

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