- Competition is good
- Believe in the "invisible hand"
- In long run, economy will balance at full employment
- Economy always close to or at full employment
- Support "trickle down effect" (help rich then poor)
- Competition is forward
- AD is the key NOT AS
- Leaks and savings cause recessions
- "ratchet effects" and sticky wages block say's law
- In the long run, we are dead.
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