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

[Max Sawicky <maxbsawicky@xxxxxxxxx>]

I would say endogenous to the system broadly considered,
not necessarily to GDP growth per se.

On Thu, May 28, 2009 at 12:57 PM, Sabri Oncu <sabri.oncu@xxxxxxxxx> wrote:
> 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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