The Wall Street Journal had an opinion piece by Mark Pitznagel on Ludwig von Mises, I remember trying to read him as a child or teenager when I was on a libertarian phase. He argued that half baked investments will liquidate in a free economy, but if the government creates cheap credit, one is likely to have a banking collapse. And, he like, Taleb says the banking system is then dramatically likely to have errors. That is why we should have a share economy.
Ludwig von Mises turned down a "lucrative job offer from the Viennesse bank Kreditanstalt" proclaiming, 'A Great crash is coming, and I don't want my name in any way connected with it.' The calendar had said it was mid 1929.
