Carol Roth
π€ SpeakerAppearances Over Time
Podcast Appearances
everything's a scam.
Everything's a fraud, which is something that happens during bubbles when there's a lot of money in the system.
And so people aren't being rewarded for doing the right thing.
And so it becomes more difficult to go down that path.
You don't have enough people saying, hey, yes, you should do it.
You should get rich slowly.
You should do these things.
And it is going to work out for you.
And so I completely understand the mentality as well.
So I think the larger the system and the more money in the system, the easier it is to hide things like fraud and waste and abuse.
And so, of course, it's always been there's always somebody trying to get around the rules.
But given the size and the scope of.
of government, of these various institutions in our lives and the amount of money that is running through them, I think it's easier to get away with.
And going back to something like the prediction markets, I mean, the incentive there
to make a bet on something that you can control the outcome of is insane.
I mean, it's basically like legalized insider trading.
Basically what Congress does, right?
Like, oh, I'm going to influence the outcome and I'm going to make a bet on that.
And so we're saying, hey, here's a legalized way
For you to manipulate the system, for you to participate in the fraud.