No one is interested in maximizing resource extraction; maximizing long-term resource extraction is so infinitely better than what we have now as a government it's unimaginable.
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It was a loss because if they controlled money printing this control was worth more than printing a bunch of it, handing it out to (D) vote banks and (D) operators and seeing some of it trickle back into valuations of their owned assets *and* they devalued their seigniorage
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SoHo real estate was massively valuable when police protection for high end retail existed - that ended last spring.
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Right, just like Detroit where their real estate buying spree in 1968 will pay dividends any moment now.pic.twitter.com/K0mxU1nwUq
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