Great replies here. The Austrian econs are saying that Keynesians are too wimpy to be UFC fighters. The Keynesians are saying that nobody could be into Austrian econ without a history of head trauma.

I think the case for early financial education classes is overstated, and am generally a fan of broad financial illiteracy.

jpkoning.blogspot.com/2024/04/why-im…

That's a fascinating, fascinating fascinating case.

To put it simply: the sanction civil servants didn't do their homework and couldn't demonstrate that 'proximity' with the Kremlin actually translated in support for the invasion of Ukraine.

A thread:

ft.com/content/722d0e…

Gold unite (£1) siege piece struck by the Royalist defenders of Pontefract Castle from February to March 1649. They held out for two months after the execution of Charles I, during which time they issued this coin in the name of Charles II. From the British Museum's collection.

If you're an American and you want to donate ETH to Ukraine, but are worried everyone can see the transfer, no need to use Tornado Cash for privacy. Send it first to Coinbase and then withdraw, obfuscation achieved. The Coinbase hop is perfectly legal.

By continuing to accept Russian copper, the LME ensured its fungibility with all other copper. The new sanctions end fungibility by requiring the LME to drop Russian brands from its list.

Perhaps a big discount on Russian metal will emerge?

bnnbloomberg.ca/us-imposes-san… 👀

Hey VanEck are you suggesting the price movements of crypto assets, such as the recent fall in the bitcoin price are driven by pumps and dumps, a fraudulent practice?

There's a lot of positive things to take from the crypto industry. Profound self-owns with edgy cynical…

We tracked a whopping 1.8 million barrels per day in crude oil exports out of Iran during March 2024. Clients asked us as recently as yesterday if this is still the case given things can change once you enter a new month.

The answer is “Yes”.

Who made today “hate on FedNow” day”?

In praise of financial illiteracy for the masses rather than financial literacy.

My latest: jpkoning.blogspot.com/2024/04/why-im…

Can’t wait for receipts to have a matrix of surcharges/discounts by network and card type!

If the Tornado Cash defence team's arguments are right, then Wells Fargo can transfer its entire apparatus onto 'immutable' smart contracts, only operating the popular Wells Fargo front end, and then legally discontinue all AML controls.

Seems too good to be true? 🤔

All hands on deck! ⛵ This bundle of 1 rupee banknotes was salvaged from the South Coast of England after the SS Shirala sunk in 1918. The ship was bound for Bombay and was loaded with cargo which ranged from munitions and marmalade to banknote paper and printed rupee banknotes.

Very pleased to see the interest generated by some recent work I did with the great Jane Kershaw on the eastern origins of the silver used to revitalise the economy in 7/8C Europe; full article due to appear imminently in 🅰ntiquity Journal. theguardian.com/science/2024/a…

I feel that a lot of folks on this site aren't fully grokking the Tornado Cash case because they're only seeking out the opinions of crypto-pilled lawyers and not those of normie law professionals with a bunch of experience in money laundering cases.

Triple Unite (£3) of Charles I, minted at Oxford in 1643. It's the heaviest circulating English hammered gold coin ever struck. Its design might've been inspired by the earlier Scottish £20 piece of James VI, Charles I's father. From National Museums Scotland's collection. #Numismatics

Really interesting look at how Russia is trying to find purchase in FATF and regional style bodies to influence the multilateral organization, and our counter-terrorism and money-laundering policies and practices, by Koos Couvée

moneylaundering.com/news/exclusive…