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Michael Segal's avatar

I echo Alex Bernat's comment that it was great to have Lonsdale come to speak. One of the best reasons for going to Harvard is that you can invite terrific people to come talk and they often say yes.

One quibble: Lonsdale described many government programs as “lighting money on fire". In reality, lighting money on fire is the precise opposite of the government printing money. If one person lights on fire 1,000 hundred dollar bills and the government prints $100,000 in money, the effect on the money supply is zero.

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