Why is finance so complex? (2011)
The world of finance makes these aspects of your life function:* Allows you to get a mortgage* Allows you to protect yourself with 
health/car/life/home/title/etc insurance* Pays for your highways/stadiums/schools and other public works* Protects your deposits* Pays for your retirement* Funds the college fund that paid for your school* ... Or the student loans that allowed you to attend school* Supports the global supply chain that brings you your 
iPhone, stocks the grocery store/your favorite restaurants with food, and puts the clothes on your back.* Funds the growth of corporations large and small, giving you the job that allows you to buy an iPhone* Funds the massive philanthropy expenditures that help those 
in need everyday* Pays the pensions of the elderlyFinancial innovation make our lives more predictable and less sensitive to chance. One could argue a huge amount of human progress is owed to modern-day financial institutions.Like a software system, it's extremely naive to think that complexity is a sign that a system is rotten. Finance is an art, not a science. Sometimes we make products that we don't always completely understand until later. But the vast majority of financial innovations are deeply ingrained in the good life that you get to enjoy every day.