Today in Silicon Continent I tell the astonishing story of the Italian Superbonus. How was the dumbest economic policy ever put in place and expanded by left, technocratic and right governments and not questioned by Brussels and Frankfurt?https://t.co/0Ha3w0I0tG
— Luis Garicano πͺπΊπΊπ¦ (@lugaricano) February 14, 2025
Seems unprecedented
Man I wish we could print money like that. Franks are blessed.
Renovation worth as much as a house is
How're they estimating fraud at just 5% of that lmao. Seems more like 60-70%, how tf do renovations cost as much as a built house+land?
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You have to realize the buildings are old as heck and renovating up to modern code may as well cost as much as building a new house
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