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“But then there's this externality, which is what I call…” — Cato Audio at 37:59

“But then there's this externality, which is what I call the kill zone. I think a lot of people are talking about when they describe the kill zone. And the sense is that, you know, the kill zone is an externality to this exchange, which is the effect in the larger industry. And what we really mean here, what I mean…”

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