Comments on: Financial Innovation as a Tax

By: Dupe Deluxe: The Sucker’s Market for Financial Innovation « Generation Bubble

Sun, 04 Oct 2009 22:48:15 +0000

[...] — might be regarded as evidence of tacit collusion among suppliers. But in this post, Karl Smith argues that such complexity is not evidence of collusion but constraint, echoing the [...]

By: Random, 10/2 « Rortybomb

Random, 10/2 « Rortybomb — Fri, 02 Oct 2009 21:22:26 +0000

[...] We partially won over Karl Smith when it comes to vanilla products. Hooray! [...]

By: Why Investment Bank Profits Persist | Reaction Radio

Why Investment Bank Profits Persist | Reaction Radio — Thu, 01 Oct 2009 21:52:39 +0000

[...] One of the odder riddles of the financial markets is how they can be so highly competitive and so highly profitable at the same time. The financial innovation debate seems to be helping us find an answer, as clearly articulated by Karl Smith: [...]