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>
> But it's not just telling you how people "tick": if everybody thinks a
> bank is going to fail and they draw out their money--the bank will fail!
> This gloominess can have real, material effects. That's a strange
> thing about economic issues: if enough people perceive a certain
> economic reality, and then act on the basis of that perception, they
> can bring about the state of affairs they perceived--even if it was
> originally a misperception!
>
> Miles
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
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