“The bottleneck lies in the very architecture of how value is transferred from one customer to another — as messages flowing between trusted intermediaries. Supplanting it with a superior design will be less like replacing carrier pigeons with telegrams, and […]
Be careful out there! “Now I know this was all a scam — a cruel and violating one but painfully obvious in retrospect. Here’s what I can’t figure out: Why didn’t I just hang up and call 911? Why didn’t […]
Given how easily terrible ideas spread online, I think this is a solid pro-consumer move. “Platform operators should be responsible for reviewing broadcasters’ certifications and subsequently putting the relevant information in the official records. Artificial intelligence-synthesized presenters and content are […]
“It has become absolute madness. The financial world, and various related aspects of society, all patiently wait for the decisions of a small group of 12 people who emerge from the FOMC meetings.” | learn more
What’s happening in crypto isn’t quite a replacement of traditional finance. Instead, it’s a rebuilding of traditional financial behavior from the ground up. There are new assets (including NFTs), loans against assets, and of course with loans come defaults. There […]
While it’s technically true, don’t forget the $144 billion of unfunded pension liabilities. “Vendors are being paid at a faster pace than at any point in the past 20 years. And a $42 billion state budget soon headed to Democratic […]
“The concept is simple, even if the allure is not immediately self-evident: “finsubs” (short for “financial submissives”) send monetary “tributes” to a financial dominatrix, who could be any gender, in exchange for being humiliated and degraded.” | learn more
Thiel lays out his 2×2 matrix: pessimist vs optimist, determinate vs indeterminate. It starts out a little obscure, but once he fills in examples it really drives his point home. I found his description of the circular investment flows in […]
“On American streets, the [30 year mortgage] is everywhere. It makes up around 80% of an $11.3 trillion mortgage market. Yet, with the exception of Denmark, it doesn’t exist anywhere else in the world. Even baseball exists in more countries.” | learn […]
Discussion of the link between education, finance and muni bonds. “I fear that the changes in store for higher education are going to look a lot like the painful changes we’ve seen in retail, travel, news, and entertainment.” | learn more