A new book by world-renowned progressive economist Gerald Epstein, Busting the Bankers' Club: Finance for the Rest of Us, shows us the result: a financial system dominated by megabanks and shadow financial institutions prone to instability and crises that at the same time rely on government bailouts.
The latest development in the evolution of the modern financial system is the Securities and Exchange Commission's approval of bitcoin exchange-traded funds last month, concluding a decade-long fight and marking a turning point for cryptocurrency.
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