Admittedly, the only thing I know about Jane Street is that the FTX sociopaths cut their teeth there, but I'm sure the rest of them are great.
You're right that market bending is too abstract for most of us to appreciate the benefits, but markets abstract away the humans, too. I don't pretend that the industry ever knows when to stop making markets efficient and ask for regulation because they're making paperclips out of all of our savings. Whatever benefit they produce should be a tool wielded by boring technocrats.
You're right that market bending is too abstract for most of us to appreciate the benefits, but markets abstract away the humans, too. I don't pretend that the industry ever knows when to stop making markets efficient and ask for regulation because they're making paperclips out of all of our savings. Whatever benefit they produce should be a tool wielded by boring technocrats.