Universa's Mark Spitznagel Presents: "Capital Shrugged"

A prudently sculpted perspective on modern economic malaise, its generating factors, and the questionable robustness of fettered capitalism.

"The state, in the long run, simply cannot direct entrepreneurs to lend, borrow, and invest; investment capital will inevitably shrug when faced with oppressive manipulation of free markets. When that happens, we see the true result of loose monetary policy: not the creation of more economic activity, but the destruction of the natural mechanism of economic coordination and adjustment, robbing the system of its resilience."

http://www.project-syndicate.org/commentary/capit…