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2015-04-08 — hussmanfunds.com
``... mainstream academic models often exclude the financial sector completely, and include money as if it were simply dropped from the sky. The failure to recognize that stock-flow consistency must hold in the economy and the financial markets is the basis for an enormous amount of misunderstanding in both fields. That omission of clear thinking about the link between economics and finance contributes to misguided policies that ignore the impact of financial distortions on the real economy, and invite speculation, malinvestment, and ultimately financial crisis.''
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