3min chapter

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#239 – Niall Ferguson: History of Money, Power, War, and Truth

Lex Fridman Podcast

CHAPTER

Fintech Is a Great Force for Good

The typical household in the median kind of range is at the mercy of all agapolistic financial services providers. The people who really get scalped in our financial system are senders and receivers of remittances, which are often amongst the poorest families in the world. So Fintech is this great force for good that brings people into the financial system and reduces transaction costs. We have to do better than this. This has to be improved upon.

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