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Bob Murphy really put it best: http://mises.org/daily/1148 His response to the Cambridge Controversy I would boil down to: So what? To look at it another way, all Böhm-Bawerk is really saying is this: If you give the entrepreneur more time to produce a given output, he can generally do it with fewer inputs of labor and raw materials. Or we could
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I think there's certainly good reason to be against college education in its current form.
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Unfortunately it may be inaccurate: http://esoltas.blogspot.de/2012/07/inaccurate-consequences.html I'm more interested in the (alleged) divergence between productivity and wages, but that may be off topic.
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Thanks OP. That blog has a lot of great information on economics, race, and IQ. http://menghusblog.wordpress.com/ I'm going to have to look through it for a while.
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I just came accross this. Some spoilers: http://www.breitbart.com/Big-Hollywood/2012/07/20/Spoiler-Alert-TDKR-Most-Conservative-Movie-Ever
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Jeffrey Herbener has an interesting response to this: http://youtu.be/JbCXdLtcc1M?t=16m17s Anyone have a criticism of this? One thing I can think of is human error, whether it's reasonable to assume that entrepreneurs will be able to anticipate increased desire to hold cash, or at least well enough/enough of them will be able to do so to avoid large