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COMMENTS

  1. Measurements of national earnings are subject to any such illusion and resulting abuse, especially since they deal with matters which are the center of battle of opposing social groups where the effectiveness of an argument is usually contingent upon oversimplification.

  2. For example, when mob associates posed as cops and machine-gunned seven members of a competing gang in what became identified as the Valentine’s Day Massacre, Capone was (conveniently) in Florida.

  3. Nevertheless, there is restricted success at specifying the relevant mannequin, and the full and good knowledge of a given macroeconomic system may be thought to be a snug presumption at finest.

  4. Market monetarists claim that policies such as quantitative easing, charging instead of paying interest on excess bank reserves, and having the central bank publicly commit to nominal income targets can provide an exit from the trap.

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