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…lue accrual. The net effect has been to create 'phantom wealth', which is what happens in a bubble. One of the worst things for a properly functioning economy is large pools of cash at the discretion of self-serving individuals. This is because the hallmark of libertarianism is the fallacy of 'rational self-interest, which DOE…
Mark Shipley
Jack Albrecht
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I could not agree more with this statement.
US expatriate living in the EU; seeing the world from both sides of the Atlantic.
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