22  18  See, for example, Serrano (2002). For example, an article in the area of international trade noted (Bernhofen and Brown, 2004, p. 49): “The insight that prices contain the relevant information about underlying economic fundamentals goes back to the pioneering work of Hayek (1945).” 20 See Friedman (1977, pp. 456–67).
* * * It is a pleasure to be with you today to talk about financial stability and fintech. Being in the Treasury’s beautifully restored Cash Room calls to mind the themes of both history and finance. History, because the room was constructed just after the Civil War.