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American Institute for Economic Research
Jeff Karcher [Composite illustration: DI Studio; Credits: peterschreiber.media/ Anastasiia Strokach/, saicleistockphoto, Karcher/LinkedIn]
The Last Word: TXSE’s Jeff Karcher On Exchanges as the ‘Plumbing of Capitalism’
by Quincy Preston | Nov 19, 2025
In a LinkedIn post, the TXSE global managing director pointed to a recent article from The Daily Economy, a publication of the American Institute for Economic Research, which analyzes the upstart exchange's potential to shake up the capital markets landscape. As the article explains, "Exchanges are the plumbing of capitalism—the place where savings become investment and new industries find their footing."
