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John Lanchester

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In the U.S., it is a crime to lie to a federal agent, and it’s often this that sends people to jail over financial matters.

John Lanchester

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John Lanchester

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Fires and floods, we’re hardwired to accept them or at least file them under Bad Things Happening. But there’s something so abstract and so modern about a bank making a technical mistake about how it funded its obligations to depositors, and suddenly you’re out of work.

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It seems to me obviously axiomatic that markets are not magical, that they’re organised in a range of regulated entities created by men. We decide in what we will have markets, and we decide how the rules work and how they’ll conduct themselves.

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May 3, 2024

It seems to me obviously axiomatic that markets are not magical, that they’re organised in a range of regulated entities created by men. We decide in what we will have markets, and we decide how the rules work and how they’ll conduct themselves.

Previous

May 3, 2024

Fires and floods, we’re hardwired to accept them or at least file them under Bad Things Happening. But there’s something so abstract and so modern about a bank making a technical mistake about how it funded its obligations to depositors, and suddenly you’re out of work.

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