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As if's avatar

"Would it not be appropriate for those proceeds to be allocated to a common fund to compensate the victims of Putin’s aggression?"

?? No, it is not appropriate to seize funds being repaid to lenders on the basis of emotion - for there is no legal right or claim for anyone but the lenders to possession of these funds - and distribute them to unrelated 3rd parties. None whatever. You admit as much by declining to name any law this would be possible under, instead using the rhetoric of "Would it not be appropriate...?" which simply means "Wouldn't it be cool to seize some money from lenders over here, and give it to this group we feel sorry for over there?" Wouldn't it be cool? means no law at all. Many people think it would be cool to take all kinds of stuff for deserving parties including ourselves, but we shouldn't and can't.

Really like the substack otherwise, though

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Greg B's avatar

You observations are similar to the economic tragedy that took place after WWI, that you highlight so well in The Deluge.

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