re: terminology mismatch, I agree, it's part of why both sides can talk past each other. So to clarify,
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maybe a better way to say it is, an Austrian would say that "idle resources" aren't a bad thing.
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they would say the term "idle" is tendencious, and that in reality, "idle resources" are actually being deployed
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in exactly the way the resource owner wants them to.
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Replying to @samselikoff @michaellnorth
honestly, this article is reminding me why I can't stand Austrian writing. "My opponents are simpletons 1/
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who misunderstand basic facts, that's why they disagree with me". It's driving me batty. 2/2
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Replying to @wycats @michaellnorth
yah.. I don't think the other side is innocent of this but I don't like it. try to ignore the ad hominems.
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Replying to @samselikoff @michaellnorth
this argument is proving too much. In a period of total collapse of the construction industry, yes, 1/pic.twitter.com/XFEASvBZsi
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infrastructure spending is largely drawing from idle capacity. A perfect match? No, of course not, 2/
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But there was plenty of idle construction capacity, and capacity isn't fungible (construction worker can't 3/
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switch to being a programmer or accountant) 4/4
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