September 2014

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« I've Said It Before, and I Will Say It Again -- Everyone Please Read Buchanan and Wagner To Clarify What Is Going On | Main | Certain About Regime Uncertainty »

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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.

Well that's just because it should have been larger! sigh.

Quite agree with John

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