Join 📚 Josh Beckman's Highlights
A batch of the best highlights from what Josh's read, .
When you see the world as magical, it meets you as a magical place.
Dispatches From Childhood
Simon Sarris
But, paradoxically, crypto is much *more* reliant on trust than the rest of finance and business. It only works if people believe in it.
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Bloomberg
The three bank runs which already happened had idiosyncratic causes, but “if accounted for accurately, the bank is insolvent” is the sort of thing which, if one stipulates to it, one would suggest might generate bank runs in the near future. And so there was a policy response, which much commentary has assumed is primarily about the banks which no longer exist, and the satisfaction of their depositors, and which is actually much more about banks in danger which might yet be saved.
Banking in Very Uncertain Times
Patrick McKenzie (patio11)
...catch up on these, and many more highlights
Readwise