Andrew Lo Quote
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Savers have to be punished so debtors can be saved.Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.And why is that important? Because the banking...
Chris Martenson
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banking, banking system, banks, corrupt, corruption, debt, debtor, economics, economy, finance
About Andrew Lo
Andrew Wen-Chuan Lo (Chinese: 羅聞全; born 1960) is a Hong Kong-born American economist and academic who is the Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management. Lo is the author of many academic articles in finance and financial economics. He founded AlphaSimplex Group in 1999 and served as chairman and chief investment strategist until 2018 when he transitioned to his current role as chairman emeritus and senior advisor.