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All of this is to suggest to the students here that
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the macroeconomics of the early twenty-first century
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will be no less important
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than the macroeconomics of the latter part of the twentieth century.
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That macroeconomics has a good chance
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of being much more centrally involved with financial issues
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than the macroeconomics of the late twentieth century--
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or perhaps fairness requires me to say,
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the macroeconomics practiced outside of New Haven
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in the late twentieth century.
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The many, many imprecisions and speculations in these remarks,
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I apologize for, but offer as a modest and inadequate defense that