Trump May Not Be the Least Balanced Person in the Trump Administration: Kevin Hassett Monday Smackdown
Voices from the Past: Trump vs. America's Founders: No Longer Fresh at Project Syndicate

Note to Self: Last night I dreamed that I had traveled back in time and was having coffee with the young Schumpeter at the Cafe Central in Vienna. I tried to convince him not to be a "Liquidationist"—that the work of structural adjustment is done in the boom as people are pulled into higher-value activities, not in the depression as people are pushed into zero-value activities. I failed...


#shouldread
#liquidationism
#schumpeter

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