The Future of Financial Innovation

I just, it's clear that we've had this world with much more rapid financial innovation over the past 30 or 40 years and there have been positive things to that. I do think maybe we're fated to swing back and forth between kind of constraining financial markets and letting them go wherever they're going to go. It's sort of an interesting question now because financial markets have become pretty global and governments are still very national. Any attempt to rein them in is much more complicated than it was in say in the 1930s and 1940s.

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