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John Barleycorn

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Why the “Economy Is an Engine” Metaphor is So Wrong | Mises Wire

Posted on September 8, 2018 by johnbarleycorn12

Is the economy “overheating,” or is it “humming” along smoothly? Should the Federal Reserve “prime the pump” to spur investment, or “pump the brakes?” Such questions of course use an engine metaphor to describe the economy. But why?
— Read on mises.org/wire/why-economy-engine-metaphor-so-wrong

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