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I love it when people smugly post econ opinions that fly in the face of consensus with zero evidence.

Dude, the "business cycle" is the natural consequence of speculatively allocating resources. Sometimes people do just overestimate how much the economy can grow.



Like anything else, the manner in which it is exploited becomes its purpose.


I quite enjoy the warm weather of summer, and exploit that by wearing shorts.

Are shorts the purpose of summer?




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