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Does Georgism Work? Is Land Really A Big Deal?

Astral Codex Ten Podcast

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Lincoln Post - What's the Ground Truth?

In a sane world, the ground truth value of most financial instruments like stocks and bonds would terminate in good old fashioned capital and labor. But we've already been through one crisis where much of the world's paper wealth turned out to be just elaborate incantations cast upon regular people's mortgages. From what we've seen about how many bank loans are tied up in real estate, we're well on our way back there.

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