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Ep. 207: Dominic Frisby Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Benefits of Crony Capitalism

Goldman Sachs, Morgan Stanley and General Motors still exist as firms. They were all bailed out. And that's exactly what crony capitalism is: the monopoly on money. If they actually had to do productive things instead of creating money out of nothing then charging interest on something that didn't previously exist, you know, financial sector would be a lot smaller.

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