177. A Rosetta Stone for Fintech
This Machine Kills
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Primary Versus Second Financial Markets
Tomarovas: The financial system has become dominated by the secondary markets. This is where a lot of what we conceive of as financial innovation happens, he says. A key argument for this hands off approach to financial regulationan and the underlying philosophy of the new dill settlement,. Tomarovas argues that private markets should be making decisions about capital allocation rather than merely stabilizing them.
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