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by m-i-l
976 days ago
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> "As to the post failure financial effect, that was mainly on a bunch of rich folks." Although trickle-down economics is largely discredited when it comes to wealth, I suspect the same isn't the case when it comes to debt. For example, one of the causes of the Highland Clearances (which began around a generation after the Darien Scheme) was landlord debt[0]. [0] https://en.wikipedia.org/wiki/Highland_Clearances#Landlord_d... |
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