
Taking stablecoins seriously, with Haseeb Qureshi
In this episode, Patrick McKenzie (@patio11) is joined by Haseeb Qureshi, a managing partner at Dragonfly, a crypto-focused VC fund. They discuss the evolution of stablecoins, three key use cases, and...
10 Huhti 20251h 8min

The past, present, and future of AI, with Stripe
Patrick McKenzie (patio11) is joined by Emily Sands, Head of Information at Stripe, to discuss how they leverage AI to process over $1.4 trillion annually, while navigating the complex web of merchant...
3 Huhti 20251h 33min

No, poor people aren’t funding your credit card rewards
In this episode, Patrick McKenzie (patio11) challenges a recent Atlantic article claiming that low-income cardholders subsidize credit card rewards through high interest payments. Drawing from his Bit...
27 Maalis 20251h 6min

Points, profits, and packed planes, with Gary Leff
Patrick McKenzie (patio11) is joined by Gary Leff, the author of "View from the Wing", to discuss the economic systems behind airlines and loyalty programs. They discuss how airlines manage to stay pr...
20 Maalis 20251h 31min

Tax the dirt, with Lars Doucet & Greg Miller
Patrick McKenzie (patio11) is joined by Lars Doucet and Greg Miller, co-founders who have just launched the Center for Land Economics, to discuss improving property taxation in the US. They explore ho...
13 Maalis 20251h 17min

A tale of two Americas in one $50K cash withdrawal
Patrick McKenzie (patio11) explains the standard procedure for large withdrawals in bank branches, with particular focus on the viral story published in The Cut about a woman who withdrew $50,000 cash...
6 Maalis 202541min

AI, data centers, and power economics, with Azeem Azhar
Patrick McKenzie (patio11) is joined by Azeem Azhar, writer of the Exponential View newsletter, to discuss the massive data center buildout powering AI and its implications for our energy infrastructu...
27 Helmi 20251h 13min

You can’t retract the facts
In this episode, Patrick McKenzie (@patio11) responds to a recent request by a crypto unicorn founder / bank CEO to retract his essay Debanking (and debunking?). Come for the note about editorial stan...
20 Helmi 202542min



















