Complex Systems with Patrick McKenzie (patio11)

Complex Systems with Patrick McKenzie (patio11)

We live in a world where our civilization and daily lives depend upon institutions, infrastructure, and technological substrates that are _complicated_ but not _unknowable_. Join Patrick McKenzie (patio11) as he discusses how decisions, technology, culture, and incentives shape our finance, technology, government, and more, with the people who built (and build) those Complex Systems.

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Episoder(94)

Taking stablecoins seriously, with Haseeb Qureshi

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 Apr 20251h 8min

The past, present, and future of AI, with Stripe

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 Apr 20251h 33min

No, poor people aren’t funding your credit card rewards

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 Mar 20251h 6min

Points, profits, and packed planes, with Gary Leff

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 Mar 20251h 31min

Tax the dirt, with Lars Doucet & Greg Miller

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 Mar 20251h 17min

A tale of two Americas in one $50K cash withdrawal

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 Mar 202541min

AI, data centers, and power economics, with Azeem Azhar

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 Feb 20251h 13min

You can’t retract the facts

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 Feb 202542min

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