On a shortcoming of neocameral terminologyhttp://tonreihe.tumblr.com/post/153616158905/on-a-shortcoming-of-neocameral-terminology …
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Replying to @tonreihe
"... would there be an investment market in the shares of these states ...?" -- I'm going (hard) for "yes".
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Replying to @Outsideness
A primary market? Obviously. But what about a secondary market?
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Replying to @tonreihe @Outsideness
if not, the shareholders have an unhealthy incentive towards liquidation.
5:28 AM - 25 Nov 2016
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