In this episode I wanted to clarify some of the things I'd said in my previous episode about he Wall Street Bets Gamestop situation. Also, I've changed my mind about short selling, and through application of concepts from Austrian Economics, such as FA Hayek's local knowledge problem (correction: the theory I'm referring to is actually Ludwig von Mises' Economic Calculation Problem), market incentives with regards to loans, as well as the Federal Reserve, quantitative easing, the Fed Funds rate, and unfair market practices, I've come to conclude that I think that shorting stock is an overall economic negative.
