Tagbanking

ATMs did not displace bank tellers: a cautionary tale

Cautionary in the sense that people often think statically, instead of understanding the dynamics of human interaction: In a June 14, 2011, interview, President Obama used ATMs a an example of technology displacing labor. He said (I’ve added punctuation to the raw transcript): There are some structural issues with our economy where a lot of businesses have learned to become much more...

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Professor and quant guy. Libertarian turned populist Republican. Trying to learn Japanese and play Spanish Baroque music on the ukulele.

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