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Once again - great piece! But what about the thesis, that published 4 years ago in The Family papers, that no one wants to live in Silicon Valley? People love Budapest, Rome, London, Zurich, Paris but not SV? And the US is not the best destination for your quality life?

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I think the US is a destination for those in search of opportunities. Quality of life is a different thing ;-)

However Paul Graham makes the case for both being correlated: http://www.paulgraham.com/pgh.html

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