Now it’s time to get into the real analysis of fintech as laid out by Saule Omarova’s work. We walk through the dominant regulatory approach to financial markets that came from the New Deal; how the 1980s is the true origin of the fintech revolution; how the secondary financial markets have taken over the whole system; how new technologies focused on making micro-level transactions faster, easier, cheaper have led to making macro-level systems more unstable, unrestrained, and untethered from reality.

The paper we discuss:
••• New Tech v. New Deal: Fintech as a Systemic Phenomenon | Saule T. Omarova https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=2800&context=facpub

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