Paul Krugman says 2000s financial innovation was mostly regulatory arbitrage
Paul Krugman · Debating Crypto: Katie Haun vs. Paul Krugman · Nov 2, 2018 · at 19:52
Economist Paul Krugman responds to an audience question about microtransactions and financial innovation during a 2018 debate on crypto.
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“The high tide of financial innovation in, in, in other respects, non-crypto financial innovation, was in a period roughly, you know, 2000 to 2007, and the great bulk of that innovation was essentially just doing an end run around regulations.”
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