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Your Book Review: Cities And The Wealth Of Nations/The Question Of Separatism

Astral Codex Ten Podcast

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The Mystery of Stagflation

By the 1970s and 1980s, when Jane Jacobs was writing, the theories all stopped working. The prices in a poor country like Portugal or India feel low for an American or Canadian but they're high for most Portuguese or Indian people. Backward economies are constantly in a state of stagflation. Stagflation, in short, is just good old poverty.

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