> Has anyone ever argued that it was instantaneous? I  
> thought it was a cumulative logic of intervention (a  
> contingent logic) type argument?  
  
In print? not that I know of, but Hayek did feel it  
necessary to point out, later on, that it was a  
lenghty process. Verbally, yes, but not by anyone who  
has took reading the RTS seriously.  
  
Doug Mackenzie