Introducing the Rationist Papers
This is the first in a series of essays by Tim Ferguson, founder of the Anacyclosis Institute, arguing in favour of Rationism, a middle class-oriented political theory that advocates benchmarking the national economy against the national median household net worth. Izabella Kaminska has also described Rationism as Vitruvian Capitalism, based on its promotion of the […]
How many Cbankers does it take to do meaningful CBDC research in the Bahamas?
Why the Bahamian sand dollar is particularly well studied by central bankers.
Is Substack exposed to gig economy headwinds?
A lot of people ask me why I never opted for Substack when choosing my independent path. I had my reasons. Now that it has emerged that Substack has ditched plans to raise a Series C round due to souring market conditions, I thought it might be a good time to explain my rationale. First […]
ALTIF transcripts: The Barber boom and bust
The Barber boom and bust Available on Spotify. Gripped by sluggish growth and low investment, the UK decides to solve its problems by embarking on a “dash for growth” – spending big and cutting taxes. We talk to economic historian Duncan Weldon about the Heath government’s disastrous 1972 “Barber Boom” (named for the chancellor Tony Barber) […]
The “Gos market” blind spot in the inventory story
The local pub owner was telling my husband the other that he felt secure in the face of the inflation because he had pre-bought three months worth of beer supply. He could now relax for a bit because he knew what his costs would be for at least a quarter. After that, he was hoping […]
What’s up with Fed daylight overdrafts data?
I’m working on a bigger story to do with US dollar intraday liquidity, but until that’s done I wanted to quickly flag something specific to paid subscribers as a small preview. It’s the Daylight Overdrafts and Fees page of the Federal Reserve website: And specifically this bit: What’s important about that? Well, as the Wayback […]
That time I met Klaus Schwab in my gym kit
A moderate defence of Davos and a title that is clearly designed to shamelessly generate clicks.
Putting the Terra stablecoin debacle into “tradfi” context
This is an excerpt from The Blind Spot’s deep dive into the Terra stablecoin debacle, currently available in full to premium subscribers.
A market that fell under the spell of the moon
Why Luna is a lesson for all of finance.
Start-up diary: 9½ weeks later
This is the first installment of my start-up diary. It’s not actually been 9½ weeks, as per the title. More like 3½ months. But if I count it from the time I started selling subscriptions, that’s roughly right. So I will stick to the title for “da saucy clicks” anyway. So here goes… And apologies if […]