New Home 21

Reinventing the Financial System

By Marc Rubinstein | June 15, 2021 | 4 Comments

If you’re like me, you’ve been put off from digging deeper into DeFi by the terrible signal-to-noise ratio of anything crypto-related on the interwebs. That’s why I found this DeFi primer (using Maker DAO as a specific example) by ET contributor and banking analyst Marc Rubinstein to be so fantastic.

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Why Am I Reading This Now? 04.08.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 03.18.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 03.11.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 03.04.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 02.26.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



ZG-item-cap-black

Why Am I Reading This Now? 04.08.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 03.18.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Recent Notes

The Semantic Universe

By Ben Hunt | February 29, 2024

Between the idea
And the reality
Between the motion
And the act
Falls the Shadow

Breaking News #16: Technology and the Teenage Mind

By Harper Hunt | February 29, 2024

We all know that technology can be bad for children. But a new paper from 13D Research, which was republished on Epsilon Theory, really drove home the point of just how bad it can be be and the impact it has on the wirings of children’s minds. In this episode, we discuss this research and what we can do as parents to help mitigate the damage technology is doing to our children. We also cover the election and the impact of Trump’s legal problems, Elon’s Musk’s pay package Joe Biden’s scripted press conferences and the importance of embracing difficulty.

Why We Don’t Trust Each Other Anymore

By Kyla Scanlon | February 26, 2024

We are saying everything, but also we are saying nothing, just sort of talking at each other about things like “rizz” and “Price-to-Earnings Ratio”. 

How do we fix that?

The End of History and the Triumph of Fiat World

By Ben Hunt | February 21, 2024

The great danger of generative AI lies in its use by governments and corporations to cement the most anti-human misalignment of all – the misalignment of rulers from the ruled, of the State from the People.

Fannie Mae’s Affordable Housing TM

By Charles Marohn | February 20, 2024

Last month, Fannie Mae launched a new financial product they call a Social Mortgage Backed Security, designed to “improve access to affordable housing” by lowering credit standards for borrowers. As ET contributor Chuck Marohn points out, this makes home prices in affected areas go up, and doesn’t touch truly cheap housing.

How Does Technology Rewire the Intricate Circuitry of the Teenage Mind?

By Ben Hunt | February 16, 2024

The central course of our children’s lives is being mind-warped by social media and smartphones, not in some ethereal ghost-in-the-machine sort of way but in an actual neural-wiring sort of way, and this research note by Kiril Sokoloff and the 13D team shows how.

Breaking News #15: Useful Idiots

By Harper Hunt | February 15, 2024

Over ten countries are currently engaged in hot wars in the Middle East. But you wouldn’t know if from the media coverage where what has been going on has received limited attention. In this episode we dig into why that is. We also cover Tucker Carlson’s recent interview with Vladimir Putin, Joe Biden’s attempts to tackle shrinkflation and airline seating, why politicians from both sides have no interest in addressing the border and the importance of embracing your yellow pants moment.

The Washington Pravda and the Wall Street Izvestia

By Ben Hunt | February 14, 2024

Today both Wall Street and the White House are determined to tell you a story that inflation is over and mission accomplished. Wall Street because they want a cheaper price of money and the White House because they want to win an election.

It’s not a lie, per se, but it’s not a truth, either. It’s all just story, all the way down.

And like all sclerotic institutions, Wall Street and the White House rely on their media organs to tell the story.

Cursed Knowledge #27: Panera Lemonade

By Harper Hunt | February 9, 2024

Panera’s in hot water over their charged lemonade. After building their brand on clean and healthy food, they’re now facing several lawsuits claiming their lemonade caused permanent heart damage and even death. So what’s really going on with the lemonade? And why is the story surrounding it so misleading?

Useful Idiots

By Rusty Guinn | February 7, 2024

Yes, Virginia, western news media are often useful idiots.

But let’s be real: so is Tucker Carlson.

The Bitcoin ETF Tipping Problem

By Dave Nadig | February 6, 2024

ET contributor Dave Nadig was there at the beginning of ETFs, and he’s forgotten more about their structure and operations than I will ever know.

In this excellent note, Dave digs into the Bitcoin ETF “tipping problem”. It’s a fascinating read on where Narrative runs headlong into the real world of market mechanics.

Death and Rebirth: In Precious Metals, Crypto, and the 6th Grade

By Matt Zeigler | February 5, 2024

“Nice yellow pants, freak.”

Nobody is immune to getting slapped with a label, especially when you’re a new kid in middle school. The trick is not selling out. The trick is owning your identity.

That’s true for Wall Street, too.

It’s All True

By Ben Hunt | February 2, 2024

Eight thoughts that I can’t reconcile about about Justin Mohn, the 32-year-old in Levittown, Pennsylvania who murdered his father, cut off his head, and made a YouTube video showing off his trophy and saying he did it because his father, who worked for the US Army Corps of Engineers, was part of the “Biden regime” and was a “traitor to his country”.

It’s All True (Eight Thoughts on Justin Mohn)

By Ben Hunt | February 2, 2024

Eight thoughts that I can’t reconcile about about Justin Mohn, the 32-year-old in Levittown, Pennsylvania who murdered his father, cut off his head, and made a YouTube video showing off his trophy and saying he did it because his father, who worked for the US Army Corps of Engineers, was part of the “Biden regime” and was a “traitor to his country”.

Breaking News #14: Harvard Material

By Harper Hunt | February 1, 2024

Harvard has some of the most stringent admission standards of any university. Most people will never have the opportunity to receive a degree from this elite institution. But that doesn’t mean you can’t obtain your “graduate certificate” in fields like Museum Studies, Social Justice and Digital Storytelling all for the bargain price of $12,880 from the Harvard Extension School. Of course, Harvard won’t accept these credits in its main programs and you can’t get any federal loans for it, but you can tell your friends that you attended one of the world’s elite institutions. In this episode, we discuss how things got to the point in our higher education system where programs like this exist and what can be done to fix it. We also cover the declining narrative of electric vehicles, the challenge of measuring inflation, Vivek Ramaswamy’s master plan, 90s alternative music and a lot more.

Men of God in the City of Man, Part 9: Pathogenesis

By Rusty Guinn | January 29, 2024

A single virus can cause disease of the body in several ways at once.

A single narrative can cause disease in society in several ways, too.

This is the story of a new disease from an old acquaintance.

The Intellectual Rot of the Industrially Necessary University

By Ben Hunt | January 23, 2024

The intellectual rot of the modern University perverts and diminishes the works of its faculty and administrators, no matter how smart they are, no matter how well-intentioned they are. It is a rot that requires plagiarism and promotes antisemitism.

We require a new Reformation, and here are its theses.

Breaking News #13: The Curious Case of Claudine Gay

By Harper Hunt | January 18, 2024

Claudine Gay recently resigned as President of Harvard due to allegations of plagiarism. But the story behind that is far more important than the headline itself and gets at much bigger issues within the academic world, In the episode, we dig into those details. We also discuss what the recently launched ETFs mean for the future of Bitcoin, why attacks of hedge fund managers based on the carried interest deduction are misplaced, whether a soft landing is possible and the legacy of Dr. Martin Luther King.

Non-Linguistic Inflation Framing in the Wall Street Journal

By Ben Hunt | January 11, 2024

We do a lot of work here to understand how the media frames issues linguistically, but we haven’t done much to see how that carries over in graphical narrative representations. Would the same patterns we see in the WSJ’s words be represented in the WSJ’s pictures?

Oh yes.

“Yay, College!”

By Ben Hunt | January 4, 2024

Every once in a very great while, the direct beneficiaries of a yay-something narrative construction overplay their hand so egregiously, embarrass themselves so publicly, reveal their mediocrity so clearly, that the common knowledge propping up the yay-something narrative collapses.

This is the breaking of “Yay, College!”.