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42 sats \ 1 reply \ @denlillaapan 12 Jul \ parent \ on: Does the US have Dutch disease? econ
author's point, too, was that strong/weak institutions determine how the spoils of a resource find are spent. U.S. has weak institutions, thus it gets spent opportunistically on, in this case, the wealthy political insiders.
That point, I find nice and persuasive
I mean, yeah. That's the whole point of counterfeiting money, isn't it?
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