3min chapter

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Lars Doucet - Progress, Poverty, Georgism, & Why Rent is Too Damn High

Dwarkesh Podcast

CHAPTER

Why Should I Buy These Stocks in America?

The Spanish government's approach to sunken treasure basically incentivizes people never to go after. The reason America is wealthy and other developed countries are wealthy is because they are very strong in terms of honoring contracts, especially with property rights. Once you don't honor that, like the people will get too concerned to want to invest in America or American assets.

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