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Of course RBC assumptions about inherent limitations of the market to clear at certain times, about which nothing can be done, blows up if we take account of debt to GDP, as does Steve Keen, and take measures to deal with those implications in light of MMT and three sector national accounting.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Aug 4th, 2013 at 02:02:07 PM EST
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