Archive - Money/Power

On Risk (Part II of mid-2025 Trilogy)

Banks are Doing the SAFE Thing

Jun 26

On Banks (Part I of mid-2025 Trilogy)

Programming Note

Jun 12 •

Samuel A. Chambers

May 2025

Stablecoins: Reinventing the 19th-Century Banknote

A true innovation for anyone who needs to do crime or evade taxes

May 27

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

Why Trump Backtracked so Quickly

On the Logic of a Money Crisis; or "As the hart pants"

Apr 9

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

Did Trump Really Make Tens of Billions on a Memecoin?

Welcome to Money/Power Reader Questions: Vol 1, Issue 1

Mar 6

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

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

December 2024

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