this article sums up my position best, and may clarify some of the disagreement https://mises.org/library/does-depression-economics-change-rules …
then the baker will spend money in his neighborhood, rinse, repeat. 3/3
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this is bastiat's broken window fallacy. Of course baker spends his money, point is stimulus has oppty cost
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I am replying to the highlighted text, which makes a specific claim.
End of conversation
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