177. A Rosetta Stone for Fintech
This Machine Kills
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Secondary Markets and the New Deal Settlement?
There are two major ways that financial markets have grown here and been created. One is in constantly synthesizing those tratable financial ascets. And then again, scaling up the volume and the velocity of the trading activity with these. With these two mechanisms in mind, you know what things you can do? You can pull claims, you can layer them. You can compress and accelerate the rate at which they're traded. It also makes it much harder to mitigate moral hazards and systemic risks because government regulation isn't really always able to match the developments.
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