Austrian Detroit? – by Mark Spitznagel
Money and Finance

Austrian Detroit? – by Mark Spitznagel


As Detroit begins to sort through the ill-begotten public liabilities that have driven it to bankruptcy, an important opportunity is at hand to revitalize the city that was once the epicenter of American entrepreneurship and manufacturing, while setting an example for other municipal governments that appear to be headed toward a similar fate. Here is an “Austrian moment” in the making, a potential libertarian awakening guided by the market-oriented, non-interventionist principles of the Austrian school of economics.

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Related book: The Dao of Capital: Austrian Investing in a Distorted World (Chapter 1 of the book is available HERE)





- Links
Michael Mauboussin on Pockets of Inefficiency in Equity Markets (video) (LINK) Here’s the Full Transcript of TIME’s Interview With Apple CEO Tim Cook (LINK) Unmasking Startup L. Jackson, Silicon Valley’s Favorite Twitter Persona (LINK) Want to Make...

- Inequality, Free Markets, And Crashes - By Nassim Taleb & Mark Spitznagel
Link to: Inequality, Free Markets, and CrashesNassim Taleb and Mark Spitznagel talk about how government intervention postpones the inevitable. Mark Spitznagel and Nassim Taleb started the first equity tail-hedging firm in 1999. Since then these...

- Mark Spitznagel Articles
Thanks to Jim for passing these along. Link to: A Hedge Fund Manager Who Doesn’t Mind a Losing Bet Link to: Waiting for the next stock market crash ………. Related book: The Dao of Capital: Austrian Investing in a Distorted World Related link: Chapter...

- Mark Spitznagel: How To Prevent A Market Crisis
Thanks to Jimmy for passing this along. Link to: How to Prevent a Market Crisis……………. Related book: The Dao of Capital: Austrian Investing in a Distorted World Related link: Chapter 1 of The Dao of Capital ...

- Detroit Aftershocks Will Be Staggering – By Meredith Whitney
She was also on CNBC yesterday discussing this topic HERE. As jarring as the reality may be to accept, Detroit’s decision last week to declare bankruptcy should not be regarded as a one-off in the US municipal market – which is what the bond-peddlers...



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