How Architecture Survives Better Than 19th Century Buildings

Architecture is another reflection of how our high time preference just screws us over. You look at nineteenth century architecture, nineteenth century buildings survive better than 19 sixties buildings. In 18 90, fora two million dollars, which is 70 million dollars in modern dollars, you could build this masterpiece that has survived now for a hundred and 30 years. And forty years later, you had to spend as much money as you had spent on the original.

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