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Re:Modern, functional Common Lisp: myths and best practices by phoe-krk on Tuesday February 25, 2020 @08:48AM (#22413125)
More context:

SBCL supports TCO: see http://www.sbcl.org/manual/#index-Tail-recursion

One can drive whether SBCL optimizes tail calls by setting the proper optimization settings: see http://www.sbcl.org/manual/#Debugger-Policy-Control

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