3) So just as the stock market insulates companies from the business cycle, that falsify family, investor and bank theories, the state insulates the familiy from the demographic, economic & strategic cycles. And they replaced fail small frequently with fail once catastrophically
Source date (UTC): 2021-02-06 15:39:45 UTC
Original post: https://twitter.com/i/web/status/1358077932904865794
Reply addressees: @oswaldspangled @ELuttwak
Replying to: https://twitter.com/i/web/status/1358077302752567296
IN REPLY TO:
Unknown author
@oswaldspangled @ELuttwak 2) By changing the ‘insurer of last resort’ from the family to the collection of families in the church, into the state and treasury they lengthened the time of the feedback loop for failure. So the entire state has to fail instead of individual families fail.
Original post: https://x.com/i/web/status/1358077302752567296
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