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Which is why monetary austerity as a response to resource scarcity is wrong, wrong, wrong.

That much we know. But blind "Keynesian" expansion may not be much of a fix either.

Vencit omnia veritas.

by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Tue Jun 5th, 2012 at 04:16:00 PM EST
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