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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
2
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On Banks (Part I of mid-2025 Trilogy)
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May 2025
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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April 2025
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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March 2025
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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February 2025
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
2
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Finally, an Answer to "What is Crypto Good For?"
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Money/Power in 2025: Goggles Must be Worn at All Times
Let me start with some severe understatement: the start of 2025 has had more than its share of money/power stories.
Feb 12
2
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Money/Power in 2025: Goggles Must be Worn at All Times
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December 2024
No One Can “Replace the Dollar”
Henry Farrell put out a great piece last week thinking through economic security policy under the incoming Trump administration. His main thesis may be…
Dec 30, 2024
1
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No One Can “Replace the Dollar”
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Swampland in Florida
A Note on Crypto, circa December 2024
Dec 18, 2024
1
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Swampland in Florida
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How to Lose Your Life Savings Held in an FDIC-Insured Bank Account
Telling the Story of Synapse as a Failed Shadow Bank
Dec 9, 2024
3
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How to Lose Your Life Savings Held in an FDIC-Insured Bank Account
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