After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
by Alan S. Blinder · 24 Jan 2013 · 566pp · 155,428 words
is that always true in finance? Is it even usually true? I do not mean to imply that all financial innovations are harmful; as Paul Volcker pointed out, the ATM did a lot of good. So, most likely, did mutual funds, money market funds, and plain-vanilla mortgage pools. But who needed CDO
Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis
by Anatole Kaletsky · 22 Jun 2010 · 484pp · 136,735 words
the understandable, but nonetheless misguided, frustration expressed by two of the world’s most respected policymakers in the immediate aftermath of the crisis: Paul Volcker’s remark that the ATM was the only financial innovation that “had ever improved society”1 and Adair Turner’s comment that finance was a “socially useless” activity
Don't Be Evil: How Big Tech Betrayed Its Founding Principles--And All of US
by Rana Foroohar · 5 Nov 2019 · 380pp · 109,724 words
so much room for the party with more information to obfuscate. Call me a Luddite, but I’ve always agreed with former Fed chair Paul Volcker that the ATM has been the most useful “innovation” in finance in the past few decades. Too Big to Regulate? No matter what the Silicon Valley giants