Pluralistic: Trump and the unmighty dollar (26 Jan 2026)
https://fed.brid.gy/r/https://pluralistic.net/2026/01/26/i-dont-want/
Pluralistic: Trump and the unmighty dollar (26 Jan 2026)
https://fed.brid.gy/r/https://pluralistic.net/2026/01/26/i-dont-want/
Pluralistic: Checking in on the state of Amazon's chickenized reverse-centaurs (23 Oct 2025)
https://fed.brid.gy/r/https://pluralistic.net/2025/10/23/traveling-salesman-solution/
New York Times op-ed on the new #stablecoin law (the "GENIUS Act") by Dan Davies, the author of probably the best book about financial fraud you'll ever read ("Lying For Money"), hits a lot of the right notes.
> "Stablecoins were supposed to leverage dollars to stabilize the chaotic universe of crypto. Instead, they seem set to infect the dollar-dominated financial system with the unique combined chaos of crypto and Mr. Trump."
* NYT: https://www.nytimes.com/2025/05/23/opinion/trump-crypto-stablecoin.html
* no paywall: https://archive.ph/uiVIq
#crypto #uspol #uspolitics #USD1 #GeniusAct #Trump #DanDavies
On BlueSky, #DanDavies asked
"ok then if we have a vibrant and intelligent EconSky community riddle me this: what would the microfoundations be for 'voters dislike inflation much more than they dislike unemployment, even in a rising real wage environment with strong asset values'? what preferences would make that true?"
I posted the following thread in response. https://bsky.app/profile/dsquareddigest.bsky.social/post/3lar3zczumc27
ok then if we have a vibrant and intelligent EconSky community riddle me this: what would the microfoundations be for "voters dislike inflation much more than they dislike unemployment, even in a rising real wage environment with strong asset values"? what preferences would make that true?
#WarrenBuffett pioneered the use of this term, and now it's all but mandatory for anyone launching a business or new product to explain where *their* moat will come from.
As #DanDavies writes, these "moats" aren't really moats in the Buffett sense. With Coke and Disney, he says, a "moat" was "the fact that nobody else could make such a great product that everyone wanted." In other words, "making a good product," is a great moat:
https://backofmind.substack.com/p/stuck-in-the-moat
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