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September 01, 2020 1:39pm
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new pecora open letter

[Skip to the end] The ‘finanical crisis’ is not an economic concern per se. Particularly as the financial sector contributes no value added to the real economy and for the most part serves no public purpose. However, when aggregate demand falls short of politcal goals, as evidenced by the unemployment rate, capacity utilization, and other measures, [...]
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