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Nice one. For me the big takeaway from all of this has definitely been that when things get too complex, all sorts of things that we rely on for the system to function properly stop working.

In particular, the hiding of risk removes a lot of the correcting mechanisms from the system.

Nassim Nicholas Taleb's argument that we should ban complex financial instruments and keep things very simple and close to those primitives makes a lot of sense to me.

Whether it's in anyway practical or not, I have no idea.