Tag: Fed

December 1, 2021

What is Bitcoin?

Bitcoin is a monetary system. The best way to understand it is in comparison to two other monetary technologies: the gold standard and the U.S. Federal Reserve. In both of these systems, you need a way to control how much money exists (supply), and how people give it to each other (exchange). Bitcoin is simply one more way to implement supply and exchange of currency.

Bitcoin is also a thing that random d-bags talk about to each other, and to their bored dates. We will not discuss that aspect of bitcoin here but it’s actually the predominant societal aspect of bitcoin.

This article was originally posted on December 14, 2015 and updated on December 1, 2021.

Continue reading “What is Bitcoin?”

October 7, 2019

What Are Repo Rates and Why Are They Messed Up?

Two weeks ago, something weird happened in the lending markets that businesses and banks use to shuffle their spending money around. A sharp increase in repo rates resulted in the Federal Reserve conducting its first major intervention in short term lending markets since the 2008 credit crisis.

June 21, 2019

Financial Articles I’m Reading This Week – 21 June 2019

Two of my favorite investors chat this week! Great stuff. Also an opposing take on my support of stock buybacks.

MIB: Jonathan Stein, founder and CEO of Betterment. Barry Ritholtz. My two favorite investment companies (besides Luther Wealth!) chatting about the industry. Enough said!
That was then, this is now. Tyler Cowen. Comparison of fugitive slave laws in Uncle Tom’s Cabin to the current refugee situation at the Southern border.
The Economist Who Put Stock Buybacks in Washington’s Crosshairs. New Yorker. A counterpoint to my contention that stock buybacks aren’t evil.
Does Trump Have the Legal Authority to Demote the Federal Reserve Chairman? New York Times. Yeesh.

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Don’t miss any new posts! Sign up below to subscribe. I generally post once per month and I alternate between longer-form articles and short digests of interesting financial content from other sites I’ve found. Thanks for reading!