A collection of 3 posts
This is part two of an ongoing premium series. Find the introduction to the series here and part one here. Buy a Paid Subscription Since the last piece on the IOU was an
We are going to begin this series at its foundation—the IOU. The foundational capacity on which all finance is built is the capacity to make a promise.
For a long time I’ve been thinking about doing a series about the concept of a “hierarchy of finance”. This phrase refers to the fact that different households and institutions have access