yellowstuff

In a 1998 article you said:

The world we live in is starting, day by day, to resemble that of the Black-Scholes-Merton formula.

Do you still believe that? If not, when and why did you change your mind?

I know that banks were controversial in the US in the early years of the country. For example when Alexander Hamilton established a national bank it was very controversial, despite quickly helping the economy and lowering the national interest rate. What were the arguments against banks?