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RTDH, ctd

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A common experience writing on the internet is mulling over an idea in your head, putting down a sketch of your thoughts, checking your RSS feed, and finding that someone has done your idea better than you could have. Steve Randy Waldman pulled one of those on me this morning. He also read Ryan Avent and Matt Yglesias back-to-back, and had very nearly the same thoughts that I did about their theses, but more detailed and smarter. I looked for some grafs to expropriate, but really you should read the whole thing.
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