‪Crisis in a nutshell:‬ ‪1. Markets are not perfect.‬ ‪2. New actors used a small platform in unanticipated ways.‬ ‪3. Trading was halted to avert worse outcomes. Capital raised. And on we go.‬ ‪4. This happens all the time.‬ ‪(5. Using crisis to attack enemies is good politics.)‬ …see more