NYC survives by credit expansion paid for by DC debt expansion and liquidity provision. in NYC 11 of the top 25 companies would vaporize with finance reform. SF would vaporize with labor reform. LA with immigration reform. DC with decentralization.
Insight on US fragility.
Source date (UTC): 2020-12-29 20:06:49 UTC
Original post: https://twitter.com/i/web/status/1344012013517864962
Reply addressees: @mattyglesias
Replying to: https://twitter.com/i/web/status/1344004693278732301
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