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Top-down coercion can force that organization, but historical evidence suggests that the long-term structural resilience of the US economy relative to other periodic contenders for its preeminent status probably arises from the more efficient resource allocation created by micro-incentive structures compared to top-down directives that almost by definition rule out efficiency in this framework.
Applied Financial Macroeconomics and Investment Strategy: A Practitioner’s Guide to Tactical Asset Allocation (Global Financial Markets)
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