The social contract in question being the vaguely jeffersonian homeownership structure? The concept (esp the wealth appreciation aspect) has some similarities to a pyramid scheme, but its ties to generational divides/labor-capital split matters too:https://phenomenalworld.org/analysis/deflation-inflation …
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Replying to @bufordsharkley
no just the "the mandate of heaven is contingent on not having millions of people are thrown out of their homes" thing
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Replying to @eigenrobot @bufordsharkley
throw millions of people out of their homes, or soft-ban the provision of rental housing genuinely a really nasty choice
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Replying to @ded_ruckus @bufordsharkley
its bad coming around to thinking lockdown was really a mistake
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now think about the fact that we're doing way better than basically every other country God Bless Jay Powell
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could have had vaccines out by what like may 2020 if the FDA hadnt fucked us
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yes the story of the past year is the economists learned things in the past few decades and acquitted themselves ~perfectly, and then biomedical engineers exceeded all reasonable expectations, and then the public health people just shat all over themselves.
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Replying to @LiteralSheridan @eigenrobot and
@ATabarrok was right about approximately everything from start to finish and he would say things and then the geniuses with MPH in their twitter handles would be like oh my stars no and then switch to saying whatever he was saying 3 weeks later2 replies 0 retweets 10 likes
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