The Allegory of the Empire State Building
Late 1929 – Stock market collapse.
January 22, 1930 – Construction on the building begins.
May 1, 1931 – The Empire State Building opens. Hoover turns the lights on from DC.
Millions starve. Large tracts of the building remain empty.
1950 – Empire State Building becomes profitable.
Is the current stimulus package a macro Empire State Building? Are we enabling the wrong class, with the wrong tools, at the wrong time?
-Shlok
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