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User surplus and moat-deepening do not produce a hyperboom in measured GDP or an explosion in profits that justifies current market valuations.
Drawn from what Brad DeLong said
What Brad DeLong actually said
- Brad DeLong Economics professor at the University of California
But they do not produce a hyperboom in measured GDP or an explosion in profits that justifies current market valuations.
Added to korrents 30 Oct 2026 · How quotes work · Something wrong? Tell us
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