Note to Self: Last night I dreamed that I had traveled ba...

Note to Self: Last night I dreamed that I had traveled back in time and was having coffee with the young Schumpeter at the Cafe Central in Vienna. I tried to convince him not to be a "Liquidationist"���that the work of structural adjustment is done in the boom as people are pulled into 1/"](https://twitter.com/de1ong/status/101... "Last night I dreamed that I had traveled back in time and was having coffee with the young Schumpeter at the Cafe Central in Vienna. I tried to convince him not to be a "Liquidationist"���that the work of structural adjustment is done in the boom as people are pulled into higher-value activities, not in the depression as people are pushed into zero-value activities. I failed...

#shouldread
#liquidationism
#schumpeter