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#239 – Niall Ferguson: History of Money, Power, War, and Truth
Lex Fridman Podcast
The Future of Financial Services
I think we're still at an early stage of a financial revolution that will greatly streamline how we take care of all those financial needs. Most households are penalized for being financially poorly educated and confronted with oligopolistic financial services providers. I can't see an obvious reason why my range of different financial needs, let's think about insurance, will continue to be met with instruments that in some ways are 100 years old. And given that a lot of financial transactions have the potential at least to be simplified automated, turned into smart contracts.
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