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There's also short-term vs long-term thinking that seems relevant here. Most of the bad things going on right now seem short-term to me.
If I can say "It doesn't have to be this way." about something horrible, then I can also be optimistic about it getting better.
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yeah, I buy that-- a very Misesian view in that the contraction/collapse is the cure, the actually beneficial thing that lets us rebuild.
Looking at observable empirics, however, is going to look very different.