Cykonot on Nostr: Somewhat relatedly, Norman Angell was an economist who said WW1 could not happen ...

Somewhat relatedly, Norman Angell was an economist who said WW1 could not happen because, and I paraphrase, valuations are based off future returns & war is inherently destructive. Shifting names on ledgers isn't profitable, as you're losing projected economic activity which is the basis of assets' current valuations & the credit that enables, or you add to the population and don't net anyway.