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On Risk (Part II of mid-2025 Trilogy)
Banks are Doing the SAFE Thing
Jun 26
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On Risk (Part II of mid-2025 Trilogy)
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On Banks (Part I of mid-2025 Trilogy)
Programming Note
Jun 12
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Samuel A. Chambers
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On Banks (Part I of mid-2025 Trilogy)
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Stablecoins: Reinventing the 19th-Century Banknote
A true innovation for anyone who needs to do crime or evade taxes
May 27
4
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Stablecoins: Reinventing the 19th-Century Banknote
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The Problem with Tether is not the Reserves, It's the CRIME
Today I feel compelled to take a page out of Brad DeLong’s playbook, as he has consistently challenged journalism that “take[s] an anthropological…
Apr 29
4
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The Problem with Tether is not the Reserves, It's the CRIME
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Why Trump Backtracked so Quickly
On the Logic of a Money Crisis; or "As the hart pants"
Apr 9
30
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Why Trump Backtracked so Quickly
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Modern Money Theory Misunderstands the “Magic” of Money
I had already queued this post up for delivery as part of my ongoing series responding to reader questions (see below), but then Stephanie Kelton…
Mar 24
2
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Modern Money Theory Misunderstands the “Magic” of Money
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Did Trump Really Make Tens of Billions on a Memecoin?
Welcome to Money/Power Reader Questions: Vol 1, Issue 1
Mar 6
3
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Did Trump Really Make Tens of Billions on a Memecoin?
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Finally, an Answer to "What is Crypto Good For?"
Back in September I made an argument that – living now in the opening days of Trump 2.0 – already seems quaint and naive: I suggested that shadow banks…
Feb 24
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Finally, an Answer to "What is Crypto Good For?"
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Theory, Money Markets, and Impersonal Wealth
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