Interesting thesis from @NickSzabo4
Early America had lower taxes and stronger property rights because of low exit costs in the form of Western frontier farmland.
Exit and freedom https://buff.ly/2GpTDCO pic.twitter.com/e8KREehJea
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No doubt Nick is familiar with Benjamin Franklin's observations about land being cheap & labor being dear in the colonies, vs the opposite in Europe.
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Contrasted with modern context of declining wages & expensive land..... :(
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