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Burton Abrams argues that it is worth negative $475 billion.
HT: J. Robert Subrick
Posted by Peter Boettke on December 20, 2011 at 04:08 PM | Permalink
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This is what I've been arguing.
If you are destroying value you are not re-coordinating the economy. You are simply destroying value.
And the destruction of value has it's own dis-coordination effects.
Greg Ransom |
December 20, 2011 at 04:20 PM
Well that's just because it should have been larger! sigh.
John Papola |
December 22, 2011 at 04:36 PM
Quite agree with John
January 10, 2012 at 08:54 AM
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