"Liquidity is a product like a hamburger is a product." answers a lot of questions about market microstructure.
"Why does McDonalds practice high frequency hamburger making?"
"Why do people want to sell hamburgers to middle class Americans?"
"Why so much money in hamburgers?"
"Why does McDonalds practice high frequency hamburger making?"
"Why do people want to sell hamburgers to middle class Americans?"
"Why so much money in hamburgers?"
"Why is the attention of so many smart people used in making companies specializing in hamburgers when it could instead be used on other subjects?"
"Why do you have to pay people to get hamburgers made? Aren't hamburgers free in nature?"
"Why do you have to pay people to get hamburgers made? Aren't hamburgers free in nature?"
"Are hamburgers actually important, or is that just what Big Hamburger wants you to believe?"
"Is the secret sauce of hamburgers actually poison?"
"Michael Lewis claims that hamburgers are made out of the lamentations of poets from undiscovered dimensions. Are hamburgers safe?"
"Is the secret sauce of hamburgers actually poison?"
"Michael Lewis claims that hamburgers are made out of the lamentations of poets from undiscovered dimensions. Are hamburgers safe?"
