The Hidden History of Eurodollars, Part 1: Cold War Origins
At more than $10 trillion outstanding, the eurodollar market is one of the biggest forms of shadow banking activity out there. It's also one of the most interesting markets in existence, allowing non-...
14 Tammi 202533min
Why Government Hiring Is So Inefficient
Regardless of your political ideology, it's easy to agree that government should work well; that it should be able to hire talented officials, and build things in a timely, cost-effective manner. Of c...
13 Tammi 202548min
Evolving Money: A Faster, Cheaper Way to Pay (Sponsored Content)
In the 1950s, a businessman, looking for a new way to settle his lunch tab, sparked a payments revolution and paved the way for today’s cashless economy. Now, the growing use of stablecoins like USDC ...
12 Tammi 202516min
Lots More on the Global Selloff in Government Bonds
One of the biggest stories in markets right now is the huge selloff in government bonds. And we're not just talking about the US here. The UK is seeing multi-year highs in long-end yields. So is Japan...
10 Tammi 202522min
This Is How Electricity Rates Are Actually Set
Utilities in the US have a couple big jobs to do. On the one hand, they need to deliver affordable and reliable power to their customers. On the other hand, they also need to maintain and upgrade huge...
9 Tammi 202543min
What It Felt Like When Everyone Was Hopeful, Happy, and Rich
If you look at various surveys, Americans feel grim about the state of the economy. But even outside of the economy itself, you see negative readings for faith in various American institutions. Pessim...
6 Tammi 202543min
This Is How China Builds So Much Nuclear Power
In the US right now, there is a lot of talk about a so-called "nuclear revival." But it remains to be seen whether we'll see a meaningful uptick in actual power generation, from either new reactors, o...
3 Tammi 202546min
The Odd Lots AMA Episode: Tracy and Joe Answer Listener Questions
As is becoming something of an annual tradition here, we recently asked Odd Lots listeners to send in any questions they have about the show to Tracy and Joe, via voice memo. We took as many as we cou...
2 Tammi 202529min
