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by fallingfrog
2603 days ago
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Personally I think that there is such a thing as too much liquidity, and we are at that point now. It certainly undercuts the power of the workers in a region if its that easy to pull money out, but the people can’t leave. So the holders of the capital have all kinds of leverage (they can pull their money out in a nanosecond) but the people have none (they are stuck where they are and must take what they can get). |
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