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I largely share that view, but 1) Is there reason for it to be a semi-regular cycle? and 2) How small would the amplitude have to be for us to say there are not business cycles?

Dang it I knew I should've paid more attention in my macro classes

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You were channeling some sort of mishmash of Real Business Cycle Theory and Austrian Business Cycle Theory.

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Great, I somehow managed to step into two ponds that I have very little knowledge of either haha

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