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I refer (not defer) to mainstream arguments because you're not making the right arguments against it, and you're misstating the institutionalist critique of them.

It would be good if you and Bruce took this debate to a separate diary...

The brainless should not be in banking. — Willem Buiter

by Migeru (migeru at eurotrib dot com) on Sat Jun 13th, 2009 at 05:52:26 AM EST
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Good point
by santiago on Sat Jun 13th, 2009 at 03:34:31 PM EST
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