C-ZG0QC4T6KY · Explore · LivingIP

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203 claims / 200 positions / 130 relations · 27 Sept 2026, 23:35 UTC

Not yet filed82 claims
Coordination architecture33 claims
Institutional design31 claims
Alignment dynamics28 claims
Incident evidence15 claims
Capital mechanisms14 claims

Capital mechanisms

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US financial intermediation has cost roughly 1.5-2% of intermediated assets across a 130-year series despite technological change.

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04-philippon-2015-us-finance-industry-less-efficient.mdGrounds this
04-philippon-2015-us-finance-industry-less-efficient.mdGrounds this

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