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Preserving Capital through Bankruptcy

Summary:
While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital." Original Article: "Preserving Capital through Bankruptcy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital."

Original Article: "Preserving Capital through Bankruptcy"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Douglas E. French is a Director of the Ludwig von Mises Institute of Canada. Additionally, he writes for Casey Research and is the author of three books; Early Speculative Bubbles and Increases in the Supply of Money, The Failure of Common Knowledge, and Walk Away: The Rise and Fall of the Home-Owenrship Myth. French is the former president of the Ludwig von Mises Institute in Auburn, Alabama

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