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Nothing Has Changed

Unlike Richard Posner and all the other capitulationists, Bryan Caplan is conceding nothing:

Nothing that happened in the last two years should have significantly revised the general macroeconomic views of anyone who is (a) familiar with the last two centuries of global economic history, and (b) reasonable….

if you claim that 2008 overthrew everything you thought you knew about economics, I’ve got to wonder what you knew in the first place.

posted on 11 May 2009 by skirchner in Economics

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