Was Alaska Worth It?
Over 140 years ago, the US government overcame its miserly tendencies and purchased Alaska from Russia for $7.2 million in gold. It brought us Sarah Palin, which some would say was a good deal and others would say was not. But looked at from the perspective of dollars and cents, rather than politics and personalities, a new analysis by an economist suggests the investment hasn’t been worth it for taxpayers in the other 49 states.
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