Our Problem is Fragility New, from me, at The American Mind americanmind.org/salvo/our-prob…

In Trump’s first term, he referred to himself as a very stable genius. In Trump’s second term, he signed a bill into law called the GENIUS Act, which provides a regulatory framework for the issuance of stablecoins.

Me, on stablecoins and financial repression. thedailyeconomy.org/article/dcs-ge…

🔥🔥🔥"The GENIUS Act may look like a forward-looking regulatory framework for a new technology — and it is. But it is also a clear step toward a modern form of financial repression"🔥🔥🔥

RIP to an American icon

Like the National Banking Acts passed during the Civil War, the "Genius Act" for stablecoins is a fiscal measure compelling a class of intermediaries to buy federal debt, disguised as a regulatory reform.

I love the idea of some zoomer showing up to the American Eagle marketing meeting like “an attractive woman and an old Mustang”

It’s Economic Forces Day. Today, Brian Albrecht points out the pitfalls of relying on accounting identities and the importance of prices. Supply and demand disciplines your thinking, no matter the topic. economicforces.xyz/p/curing-inter…

Many people are saying it.

New meme format just dropped.

“You see that there? They’re calling it Paper Bitcoin Summer. You wouldn’t believe it.”

My least crazy idea tbh

I can’t believe I have to say this, but your radical opponent attaining power is bad, actually. It’s bad in a way that accepts the premise of his argument. Even if destruction helps you win the next election, it can be extremely costly. It is much harder to build than to destroy.

Apparently he waited until summer to make them negotiate with no air conditioning.

NGMI

It’s Economic Forces Day. Today, I write about Paper Bitcoin Summer. economicforces.xyz/p/paper-bitcoi…

This is not at all what supply and demand says. You should subscribe to Economic Forces, where we discuss supply and demand all the time. Thank you for your attention to this matter!