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RE: Inevitably, there's some smooth-brained Keynesian out there saying tha ...

in DBuzz3 years ago

That's how they think. It's also short-sighted. The "new" eqpt isn't adding 2 existing inventory; it's replacing a loss. That means it's not + 2 wealth but rather returning 2 0 or 2 D status quo ante. Even after that's done, it's at the expense of goods/svcs not sold/bought.

Posted via D.Buzz