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None of this is settled economic theory. Even just the conclusion in the second sentence is highly debatable. Capital investments are a market and it is complet
by mbar84 2y ago
None of this is settled economic theory. Even just the conclusion in the second sentence is highly debatable. Capital investments are a market and it is completely plausible that they will clear like any other with a fixed money supply, just at a different price level than with an expanding money supply.