Tracy Alloway, co-host of the Odd Lots podcast and managing editor at Bloomberg Markets, shares her insights on the financial crisis, systemic stability, and the future of NFTs. She discusses the historical parallels to the 2008 crisis, the importance of acknowledging uncertainty, and the potential for NFTs to be used for money laundering.

🤔 **Financial Crisis Hindsight:** Tracy Alloway reflects on the 2008 financial crisis, emphasizing the importance of understanding systemic risks and the need for constant vigilance in monitoring market stability. She highlights the value of learning from past mistakes and applying those lessons to prevent future crises.

🧐 **The Importance of Uncertainty:** Alloway stresses the importance of acknowledging uncertainty, especially in the financial world. She argues that the tendency to avoid admitting “I don’t know” can lead to dangerous complacency and poor decision-making. She emphasizes the need for critical thinking, questioning assumptions, and embracing ambiguity.

💰 **NFTs and Money Laundering:** Alloway raises concerns about the potential for NFTs to be used for money laundering. She draws parallels to historical bubbles, like the Victorian chicken bubble, where speculation and lack of transparency created opportunities for illicit activities. She suggests that the decentralized nature of NFTs could make it easier for criminals to conceal their transactions.

🤖 **Fair Wages for Robots:** Alloway explores the implications of automation and artificial intelligence on the future of work. She questions the ethical considerations surrounding the potential displacement of human workers by robots and calls for thoughtful discussions on ensuring fair wages and social safety nets in a rapidly changing economy.

Tracy Alloway is the co-host of the Odd Lots podcast and a managing editor at Bloomberg Markets. You can follow Tracy on Twitter at https://twitter.com/tracyalloway and listen to her podcast here: https://open.spotify.com/show/1te7oSFyRVekxMBJUSethH Show Notes:

Financial crisis hindsight Being obsessed with risk and systemic stability Historical parallels to the crisis of ‘08 Macro vs. micro bullshitting Why people refuse to say “I don't know” Victorian chicken bubble Tales of forensic accounting NFTs being used to launder money? NFTs’ path to success Insights from collapse of previous civilizations Understanding the Human OS Fair Wages for Robots Praise for Citi’s Matt King and Credit Suisse’s Zoltan Pozsar