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But this much I know. In a market-driven economy, whose operational principles we have learned to understand only after two centuries of often painful experience, the notion that we don't need to think about business cycles anymore is almost as bizarre as a decree suspending gravity.
Given the instability and the reasonable expectation that some kind of slowdown is either already under way or just beyond the horizon, a prudent manager will ignore the uncertainty and make plans for reduced demand.
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