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38. Evolution, Complexity, and the Remaking of Economics

Mutiny Investing Podcast

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A German Forestry Strategy

In the late eighteenth century, german forestry was being modernized. The government wanted to have a predictable amount of lumber for building ships and er houses. So they decided to chop down all these old forests in order to plant new trees at the same time. For about 60 years it worked better than any other strategy: timber yields went up by 300%. But then something happened that caused them to miss out on valuable nutrients from underbrush. This is what we call mass forest death sik allthes fourorus just started dying,. Until we get tet thas sort of finance implication, sho re outright? Insare, instead of having moderate volatility all the time, you had this fix in

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