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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon

Finance Visuals

Memo Esparza • 1 card

Investments

Anthony Fiedler • 2 cards

Equity Markets

Emi Gal • 1 card

In contrast, fiat currencies, which are jurisdictional standards, commonly require adapters that extract rents. Financial intermediaries serve as adapters that coordinate economic activity across political boundaries.

Stephen McKeon • Components of Coordination

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The Fed is now both, a source of, and a destination for more and more capital within the financial system. https://t.co/opZx8TypQf

Sergei Perfiliev 🇺🇦

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Consequently, a business may be short of cash until payment is received.

Michael W. Preis • 101 Things I Learned® in Business School (Second Edition)

at the frontiers where new capital rights are minted day by day in the offices of law firms, states take a back seat. But states provide the legal tools that lawyers use; and they offer their law enforcement apparatus to enforce the capital that lawyers have crafted.

Katharina Pistor • The Code of Capital: How the Law Creates Wealth and Inequality

For finance to consistently grow as a proportion of GDP, either it is simply upping its take — which might be reasonable within bounds, but raises questions of adequate competition in the sector and of possible regulatory capture — or it is making more and more MBS-like time bombs. It is spinning off flows of toxic financial exposure, of whose