The Dangerous Brilliance Of Issuing a Token That Isn’t Your Liability: An FTX Lesson

This is a premium piece of Notes on the Crises. Thank you for being a paid subscriber. Lately, the 1970s have loomed large in economic commentary, thanks to a recurrence of panic over inflation. History is often invoked in mainstream press coverage about economic
Subscribe [https://www.crisesnotes.com/#/portal/signup]On this episode we have a very special guest, economist Daniel Mitchell on his time as the chief economist of Nixon’s pay board, the “wages” part of wage and price controls. He is also coauthor, along
Subscribe [https://www.crisesnotes.com/#/portal/signup]Last Wednesday the Biden Administration announced a number of changes to how student debt would be treated by the Federal Government. They all were important, but the change attracting the most attention was canceling ten thousand dollars
Subscribe [https://www.crisesnotes.com/#/portal/signup]At the end of July, a few hours after I wrote about Employ America’s Oil and Gas proposal [https://www.crisesnotes.com/is-insuring-the-oil-and-gas-industry-the-right-response-to-the-fallout-from-ukraine/] , the Biden administration implemented a modified form of their proposal. To briefly summarize,
This is a free piece of Notes on the Crises. Paid subscriptions help me release pieces like this for free, increasing their impact Subscribe [https://www.crisesnotes.com/#/portal/signup]So far this month I have been focusing on catching up to various different
This is a Premium Pieces of Notes on the Crises In my last piece [https://www.crisesnotes.com/prices-prices-prices-almost-everything-you-wanted-to-know-but-were-too-annoyed-to-ask/] I focused on laying out how I view the “inflation” conversation that has been going on in 2022 (on the abstract level). There I briefly
This is a premium piece of Notes on the Crises I haven’t covered what’s been going on in pricing and the “inflation” conversation. At this point there is a lot to talk about, to say the least. In fact, part of what