Can't wait to see the discourse among the Twitter Left over whether this vague statement is a defense of Maoism or Dengismhttps://twitter.com/DavidWright_7/status/1232140197271408646 …
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And an economy might be depressed below this level for extended periods of time due to false constraints (Keynes' big thing being how the money supply and deflation can do this) but when those are lifted we run back up to that frontier very quickly
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And this is very different from actually expanding the frontier itself, which requires actually inventing new things, discovering new resources, etc Like moving into unoccupied houses rather than building new ones
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