The Story of How TSMC Came to Dominate the World

There's an irony with crypto. While so much of it is ostensibly about circumventing legacy finance, many of the most important pieces of crypto infrastructure are centralized financial entities. For e...

6 Touko 202155min

This year, everyone's become aware of the hollowing out of U.S. semiconductor manufacturing capacity. Whether it's the rise of TSMC, the stumbles at Intel, or the inability of car companies to acquire...

3 Touko 202151min

There's probably nobody better at synthesizing massive events like Columbia professor Adam Tooze. His book Crashed, which came out in 2018, was probably the definitive take on the Great Financial Cris...

29 Huhti 202152min

It's not often that lumber becomes a national obsession. But this year it has. Thanks to a combination of factors, including diminished sawmill capacity, a renovation boom, and then a homebuilding boo...

26 Huhti 202159min

There's a huge question mark at the moment about whether markets are at some sort of important turning point. For instance, we've seen big amounts of fiscal stimulus in the U.S., sparking concerns tha...

22 Huhti 202145min

It's a weird moment for the markets. The big stock indices are near all time highs. And yet there have been some high profile meltdowns and blowups. There was the collapse of the vendor financing firm...

19 Huhti 202152min

Whenever the government is engaging in fiscal or monetary expansion, people like to invoke the history of Weimar Germany and how soon we might all go around transporting dollars in wheelbarrows. But w...

15 Huhti 202154min

When GameStop shares skyrocketed earlier this year, numerous pundits were quick to ascribe political significance to the whole thing. Was it a rebellion? Was it class warfare in the spirit of Occupy W...

12 Huhti 202143min