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    GhostOnTheHalfShell (ghostonthehalfshell@masto.ai)'s status on Friday, 26-Apr-2024 03:53:12 JSTGhostOnTheHalfShellGhostOnTheHalfShell
    in reply to

    @economics-that-works

    "That process - of money flowing from the poor to the rich - is a bizarre economic phenomenon questioned by Robert Lucas in 1990, and since named the ‘Lucas Paradox’.

    Lucas queried why capital defies the laws of physics and economics and, instead of flowing (downwards) from rich to poor countries, flows (upwards) from poor to rich countries. "

    In conversationabout 7 months ago from masto.aipermalink
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