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165
kewp
2009 Mar 4, 3:40am
The last capitalist we hang shall be the one who sold us the rope.
--Karl Marx
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Two questions:
1. Should asset prices be managed?
2. Are depressions necessary to the business cycles?
If depressions are necessary, then fighting them is a mere exercise of populist reaction. If depressions can safely be avoided, should it be done through artificial support asset prices? Or should we focus on frequent and substantial technological or productivity gains?
Peter