{"id":373226,"date":"2010-02-25T14:53:10","date_gmt":"2010-02-25T19:53:10","guid":{"rendered":"http:\/\/www.disinfo.com\/?p=23350"},"modified":"2010-02-25T14:53:10","modified_gmt":"2010-02-25T19:53:10","slug":"basically-it%e2%80%99s-over-a-parable-about-how-one-nation-came-to-financial-ruin","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/373226","title":{"rendered":"Basically, It\u2019s Over: A Parable About How One Nation Came To Financial Ruin"},"content":{"rendered":"<p>Charlie Munger, Warren Buffett&#8217;s less famous but no less capable colleague at the helm of Berkshire Hathaway, makes some ominous predictions for 2012 (albeit in the form of a modern-day parable), and this time there&#8217;s nothing sketchy about the science. Be afraid, people. His parable appears in <a href=\"http:\/\/www.slate.com\/id\/2245328\/pagenum\/all\/\">Slate<\/a>:<\/p>\n<blockquote>\n<p>In the early 1700s, Europeans discovered in the Pacific Ocean a large, unpopulated island with a temperate climate, rich in all nature&#8217;s bounty except coal, oil, and natural gas. Reflecting its lack of civilization, they named this island &#8220;Basicland.&#8221;<\/p>\n<p>The Europeans rapidly repopulated Basicland, creating a new nation. They installed a system of government like that of the early United States. There was much encouragement of trade, and no internal tariff or other impediment to such trade. Property rights were greatly respected and strongly&#8230;<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Charlie Munger, Warren Buffett&#8217;s less famous but no less capable colleague at the helm of Berkshire Hathaway, makes some ominous predictions for 2012 (albeit in the form of a modern-day parable), and this time there&#8217;s nothing sketchy about the science. Be afraid, people. His parable appears in Slate: In the early 1700s, Europeans discovered in [&hellip;]<\/p>\n","protected":false},"author":2604,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-373226","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/373226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2604"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=373226"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/373226\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=373226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=373226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=373226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}