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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? 01.23.23

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



Why Am I Reading This Now? 01.16.23

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



Why Am I Reading This Now? 01.09.23

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



Why Am I Reading This Now? 01.02.23

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



Why Am I Reading This Now? 12.26.22

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



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Why Am I Reading This Now? 01.23.23

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



Why Am I Reading This Now? 01.16.23

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



What Do We Need To Be True?

By Rusty Guinn | April 6, 2021 | 44 Comments

Modeling common knowledge by analyzing missionary statements and their reverberations works. Except when it doesn’t.

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A Tiger Can’t Change Its Stripes

By Ben Hunt | March 30, 2021 | 32 Comments

What do you get when you give a raccoon billions of dollars AND invisibility from regulators? Collusion and insider trading.

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Hot and Cold

By Rusty Guinn | March 23, 2021 | 26 Comments

Most of us are under the impression that a protracted conflict within China will increase national unity. Not this time.

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Recent Notes

UK Pensions Webinar Recording

By Ben Hunt | October 18, 2022

This is the recording of our webinar on UK Pensions that took place on October 14th, 2022. If you want to continue the conversation, check out the ET Forum.

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Office Hours Recap 10/14/2022

By Harper Hunt | October 17, 2022

These are the major topics and ideas we discussed during the 10/14/2022 Office Hours as well as some of the biggest takeaways. If you have something you want to add to the conversation, let us know in the comments and join us next time.

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A Brief History of the Past 10,000 Years of Monetary Policy

By Ben Hunt | October 5, 2022

What we saw happen in the UK last week is the first shock, not the last, and all the massive pension funds and asset owners who have turned themselves into shadow hedge funds, full of swaps and leverage through the sweet whispers of Wall Street Wormtongue, will be our undoing.

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Cursed Knowledge #14: In Defense of Marie Antoinette

By Harper Hunt | October 3, 2022

Marie Antoinette has a rather interesting historical footprint. For all that her image is iconic and her reputation infamous, it’s not all the truth. The real Marie Antoinette has been lost to the cartoon of Marie Antoinette™. So I want to show you a glimpse at the real person behind the cartoon and take a closer look at how her cartoon got started.

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Office Hours Recap 9/30/2022

By Harper Hunt | October 3, 2022

These are the major topics and ideas we discussed during the 09/30/2022 Office Hours as well as some of the biggest takeaways. If you have something you want to add to the conversation, let us know in the comments and join us next time.

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Monetary Policy is Non-Linear

By Ben Hunt | September 22, 2022

The relationship between interest rates and inflation is non-linear and non-monotonic, and in exactly the same way that the Fed was unable to spur inflation by cutting rates to exceptionally low levels, so will they be unable to contain inflation by hiking rates off these exceptionally low levels.

The Fed first has to get interest rates to this monotonic tipping point before further interest rate hikes will have any appreciable effect in the real economy.

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Cursed Knowledge #13: Subverting Censorship

By Harper Hunt | September 20, 2022

The Golden Age of Hollywood was full of drama. On and off screen. It was the age of carefully cultivated images. Fake names and secret procedures. And it was the age of censorship. The Hays Code and the censorship office had more influence on the film industry than any actor, director, or producer ever could. They had full control over what Hollywood made. Well, almost. There were still a few loopholes left to exploit.

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Office Hours Recap 9/16/2022

By Harper Hunt | September 19, 2022

These are the major topics and ideas we discussed during the 09/16/2022 Office Hours as well as some of the biggest takeaways. If you have something you want to add to the conversation, let us know in the comments and join us next time.

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The Widening Gyre

By Ben Hunt | September 19, 2022

The widening gyre is eating America alive. It is the instrument of the Beast, a three-headed hydra of Big Politics, Big Media and Big Tech.

A third political party can be our weapon to slay the Beast, but not in the way you think.

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Why the Yankees Sucked in August

By Brent Donnelly | September 15, 2022

“The laws of probability, so true in general, so fallacious in particular.”

That was Edward Gibbon in 1774. This is ET contributor Brent Donnelly saying the same thing but in a much more entertaining way in 2022.

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Government Sponsorship and the Student Loan Crisis

By Marc Rubinstein | September 14, 2022

US student debt is no longer ordinary debt, but has morphed into a bizarre government tax-and-spend model.

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Office Hours Recap 9/09/2022

By Harper Hunt | September 13, 2022

These are the major topics and ideas we discussed during the 09/09/2022 Office Hours as well as some of the biggest takeaways. If you have something you want to add to the conversation, let us know in the comments and join us next time.

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Office Hours Recap 8/26/2022

By Harper Hunt | August 29, 2022

These are the major topics and ideas we discussed during the 08/26/2022 Office Hours as well as some of the biggest takeaways. If you have something you want to add to the conversation, let us know in the comments and join us next time.

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Sauron Remains Undefeated

By Ben Hunt | August 25, 2022

The US Treasury is the Eye of Sauron — a gigantic panopticon tower that sweeps the world with its unblinking gaze, seeking out the owners of power, i.e. money.

What Treasury did to Tornado Cash and its developers is just the beginning.

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Cursed Knowledge #12: Resurrectionists

By Harper Hunt | August 24, 2022

What’s in a name? Quite a bit actually. Names and titles can be all that’s needed to make some one a hero or a villain. So we’re looking at some villains who never got their proper title. People who were able to hide behind social standing and wealth to excuse their crimes.

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Office Hours Recap 8/19/2022

By Harper Hunt | August 22, 2022

These are the major topics and ideas we discussed during the 08/19/2022 Office Hours as well as some of the biggest takeaways. If you have something you want to add to the conversation, let us know in the comments and join us next time.

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Narrative and Metaverse, Pt. 4 – Carrying the Fire

By Ben Hunt | August 17, 2022

This is how we resist the Long Now, how we find an alternative world to the endless present where the Party is always right. By connecting the human past to the human present to the human future. By carrying the fire of our own stories in our own words across the weave of time and space. By building an ark and an arc.

This is my faith.

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Office Hours Recap 8/05/2022

By Harper Hunt | August 8, 2022

These are the major topics and ideas we discussed during the 08/05/2022 Office Hours as well as some of the biggest takeaways. If you have something you want to add to the conversation, let us know in the comments and join us next time.

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Before You Fly The Nest: Advice for kids heading to college

By Brent Donnelly | August 5, 2022

ET contributor Brent Donnelly went out and asked some people he respects what advice they would give kids heading off to college. Here’s what he found.

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The Most Important Sector in the Universe

By Marc Rubinstein | August 2, 2022

The total value of the Chinese residential property sector is approximately $60 trillion – twice the size of the US residential market and bigger than the entire US bond market. Bigger than the entire US stock market, too.

It is … ummm … having a moment.

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