{"version": "1.0", "type": "rich", "title": "Like you might think \u201chey maybe there\u2019s something to a more wicked boom/bust cycle, maybe buffered by debt forgiveness in...", "author_name": "kontextmaschine", "author_url": "https://kontextmaschine.com", "provider_name": "kontextmaschine", "provider_url": "https://kontextmaschine.com", "url": "https://kontextmaschine.com/post/123095631248/", "html": "<p>Like you might think \u201chey maybe there\u2019s something to a more wicked boom/bust cycle, maybe buffered by debt forgiveness in bankruptcy, after all creative destruction, etc. etc.&ldquo;</p>\n\n<p>In practice a lot of it is whoever had free and clear cash on hand could buy land - farmland, mines, forests - then use the cashflow from that to buy more in downturns when people couldn\u2019t make mortgage, consolidate into these ridiculous resource barons.</p>\n\n<p>I do kind of worry about Disney and big pharma doing that with IP today though</p>"}