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It won't trigger an economic crisis. What it would trigger is an economic boom. Capital owners will all have to pony up to repair the infrastructure they own or
by guard-of-terra 10y ago
It won't trigger an economic crisis. What it would trigger is an economic boom. Capital owners will all have to pony up to repair the infrastructure they own or depend on. You might get some of your possessions damaged, but after that making quick buck will become easier for a duration.
- harry8 10y agoDestroying capital creates wealth? I find that unlikely fwiw.
- guard-of-terra 10y agoSpending capital creates wealth. Hoarding capital does not.
- nils-m-holm 10y agoAn often-overlooked and underappreciated perspective!
- thinkmassive 10y agoBroken window fallacy?
- imtringued 10y agoHey the new windows are better than the old windows...
- lxmorj 10y agoIf you are breaking the windows of a very rich man who has most of the windows in your community due to his enormous house, and your economy is largely window-installation based...