On May 3, 2011, at 1:08 PM, raghu wrote:

> Apologies for the terrible subject-line, but I am curious about
> reactions to this critique of Marx's crisis theory by Bad DeLong

This is what my late friend Bob Fitch liked to call Vol. 1 Marxism. Marx wrote 
plenty about credit, and believed, among other things, that it helped 
capitalism stretch beyond its boundaries.

Doug
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