The problem with these studies is failure to measure genetic, institutional, normative, and knowledge capital. As far as we can tell all prosperity is simply accumulated capital consumption made possible by fiat money debt. We aren’t wealthy we’re just spending down inheritances. https://twitter.com/DegenRolf/status/1208318063982129152
Source date (UTC): 2019-12-22 15:26:50 UTC
Original post: https://twitter.com/i/web/status/1208770882283429888
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