A thing which I unironically and enthusiastically believe which is unpopular among smart people of my acquaintance: financial engineering has in the recent past and present contributed substantially to human welfare. We should hope to see more of it.
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Except instead of alchemy it is generally quite a bit of math, a huge amount of contract law and due diligence, often an impressive amount of ops work, and a dusting of technology that web devs would recognize as such.
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The we "have a new thing" stuff is probably not productive. The "we can now do old stuff such as processing payments, aggregating small deposits and doing maturity transformation for larger sums, over longer distances, cheaper" stuff is a definite benefit.
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"we have taken your future income and turned it into money today" is highly appreciated by many people when buying a house. More elaborate schemes can be plenty useful too.
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Squishy seems to be a favourite descriptor at
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