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The ordinary American - as far as I can tell - knows so much less than he did fifty years ago and has such poor work habits compared with fifty years ago that the average multiplicand of knowledge/capabilities is a much smaller number than it was in 1961. ↗
If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system? ↗
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