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20 sats \ 3 replies \ @Undisciplined OP 5h \ parent \ on: Does Transparent Monetary Policy Lead to Economic Stability? econ
Yes, but it's a different sense of the word.
In any technical field, you have to use the terms as they're defined or the theory won't hang together.
I understand that there are different senses of the word that do not meet with the technical definition of the word. However, when people hear “demand”, even some of the technical economists, they do not apply the technical definition. This is the failure of language or, if you will, spell casting. It is how the wool gets pulled over our eyes. Some are using the daily usage meaning when saying demand vs others using the technical meaning of demand and the ones trying to obfuscate are crossing over and over again.
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That's how skilled practitioners create what Bob Murphy calls Krugman Kontradictions. They aren't literally contradictions, because he's a devious snake, but they are intentionally misleading statements that lead people to believe the opposite of the truth.
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Yes, it is also called word magic for good reason. It is one of the reasons why you cannot debate some of these people, words change meanings, spellings are cast and no sooner than you know gibberish becomes meaningful. When I see or hear this, I just think, can’t argue with drunks because I become the fool.
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