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[Pen-l] If by turmoil we mean financial collapse, seems to me this goes to the



Max:

> If by turmoil we mean financial collapse, seems to me this goes to the
> design (sic) of the financial system, not 'the sort of growth we were
> pursuing.'  At least, not very directly.

I beg to differ Max.

Here is a question:

Is this financial system exogenous or endogenous to the broader system
in which we are pursuing "the sort of growth we were pursuing"?

Best,
Sabri
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