Financial views
Sources:
Here are some expert perspectives on finance from various sources:
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Perry Mehrling discusses the "money view" and its application to understanding capital markets. He highlights the daily need to balance promises and cash inflows, distinguishing between money markets (short-term borrowing) and capital markets (long-term assets used as collateral) 1.
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David Yarrow and Tim Ferriss talk about the financial markets' response to the COVID-19 pandemic. Yarrow notes the historical fluctuations in the stock market and the seemingly irrational behavior observed during the crisis. He emphasizes the strangeness of major stock market gains amidst a global health crisis 2.
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Luigi Zingales and Russ Roberts delve into the public's skepticism towards finance compared to the academic view. While academics often see financial innovation as beneficial for economic growth, the public is more likely to perceive finance as harmful. Zingales worries about the consequences of this disconnect, including risks to the rule of law and the potential for increased corruption in the financial system 3.
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