Stablecoins and shenanigans, with Zeke Faux
In this episode, Patrick McKenzie (@patio11) is joined by Zeke Faux, investigative reporter at Bloomberg and author of Number Go Up, to discuss stablecoins and crypto fraud. They dive into Tether's co...
13 Feb 20251h 27min
Power plays: grid economics and engineering, with Travis Dauwalter
Patrick McKenzie (@patio11) is joined by Travis Dauwalter, energy enthusiast (and PhD), to explain the systems we often take for granted behind the US electrical grid. The conversation covers how the ...
6 Feb 20251h 13min
The landmines buried in the fine print of Chicago’s new casino deal
In today’s episode Patrick McKenzie (@patio11) examines a Chicago casino investment, first of its kind within the city limits. Patrick reads from his Bits About Money essay (published January 2025) wi...
30 Jan 202543min
The banking crisis, two years later
Patrick McKenzie (@patio11) revisits his March 2023 essay that explained the dynamics of bank runs and system stress during the banking crisis one month prior. With data from a newly released Federal ...
23 Jan 20251h 9min
Debanking explained
In this episode, Patrick McKenzie (@patio11) unpacks his 24k word essay Debanking (and Debunking?) originally published on Bits about Money. He discusses the contours of recent debanking claims made b...
16 Jan 20251h
Retrospective on 2024, with Sammy Cottrell
In this special episode, Patrick McKenzie (@patio11) and his EA/producer Sammy Cottrell examine the production function behind Complex Systems, from studio logistics to transcript annotation and guest...
9 Jan 20251h 3min
Seeing like an outsider, with Yatharth
In this episode, Yatharth (@askyatharth), a graduate student and software engineer, turns the tables to interview Patrick McKenzie (@patio11) about cultural codes, writing, and AI. Patrick shares how ...
2 Jan 20251h 19min
The future of pandemic preparedness, with Joshua Morrison
In this episode, Patrick McKenzie (patio11) is joined by Joshua Morrison, the CEO of advocacy non-profit 1Day Sooner. They discuss what worked and what didn't in Operation Warp Speed's unprecedented p...
19 Des 20241h 12min
