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Mark Yusko, Founder & CEO of Morgan Creek Capital Management: Inside the Minds of the Best Investors in the World

The Pomp Podcast

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The Money in the Bank Is Not Yours

i'm not a bank hater in the sense that i actually believe fractional reserve banking is what separates the great countries from the less good countries, right? If if you think about if you can make a dollar work harder by a fraction reserve lending it. It's a wonderful system, but it can be abused, and i think it has been abused. The biggest problem is that we don't hold people accountable for their actions. And we bale out the powerful, and instead of lettin em, fail. Iceland still around last time i checked.

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