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Founding Finance with William Hogeland

The Dig

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Is There a Difference Between the Regulators of North Carolina and the Elites?

The North Carolina regulation just went too far. Riot was sometimes considered by elites kind of almost a necessary like safety valve. You could get economic relief by rioting. So they sometimes did succeed in getting the, you know, legitimate government to actually do some thingslike give easy term loans through what we're called land banks and other kind of populist agrarian kind of finance. But it was, but it was spasmodic and always conflicted.

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