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Good explanation of the problem with the “crypto reserve” and more broadly with Trump’s habit of making policy based pure cronyism. 👇 slowboring.com/p/trump-threat
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David Sacks
@DavidSacks
The problem with government as a capital allocator is that the money goes to special interests who have the ability to lobby but not to innovate, and it has to come from somewhere, usually innovators who haven’t built up influence yet.
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