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The Ludicrous, Depressing Appeal of the Crypto Guy

In his monumental history Debt: The First 5,000 Years, the anthropologist David Graeber accused economists of inventing “imaginary villages” as the settings for their just-so stories about the ancient origins of financial exchange. Five thousand years later, it is hard not to apply the same phrase to the strange world of cryptocurrency, a skein of imaginary communities and exchanges that claimed to be reinventing trade and commerce from first principles even as, in reality, they reinvented forms ....

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Edward Chancellor: "The Price of Time"

Edward Chancellor: "The Price of Time"
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The Glass–Steagall Act: Unraveling the Myth

There is no evidence that pre-Glass–Steagall banks’ securities activities led to more bank failures than among their specialized peers. ....

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How financial speculation is making the global food price crisis worse

Financial speculation is making the crisis worse. ....

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10 Tuesday AM Reads - The Big Picture

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media ....

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