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We read a long Cochrane piece (Economic growth) about growth.That article created some debate on john cochrane's blog. Describe what Smith means when he talks

We read a long Cochrane piece (Economic growth) about growth.That article created some debate on john cochrane's blog.

Describe what Smith means when he talks about levels vs growth.Do you think Cochrane's suggestions are more about levels or growth?

I'm not allowed to put in the link to the blogpost (Titled: Smith meets Jones).

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