9min chapter

Cautionary Tales with Tim Harford cover image

RoboPod and the Perpetual Money Machine - Cautionary Questions 2

Cautionary Tales with Tim Harford

CHAPTER

The Fragility of Finance: Lessons from 2008

This chapter explores the accountability issues following the 2008 financial crisis, emphasizing how regulatory frameworks permitted questionable behaviors that were not legally punishable. It also examines the complexities of payment systems, revealing the true costs of cash versus digital transactions and challenging perceptions of money scarcity.

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