Make Good Things

The basic way that, like, capitalism works is that you have incentives to make good stuff because people will pay you for it. If you invent a thing that people need, and you manufacture it efficiently, you will get rich. There are errors. If you invent a thing that people don’t need, that is actively […]

ICO Regulation

It is not uncommon for financial innovation to get a bit ahead of the rules that are supposed to regulate it, but the ICO market got so far ahead of the rules that it started, boomed, peaked and died before the rules came along. Matt Levine, Money Stuff

Smart Finance

“Handing your creditors a loaded gun seems bad, but if it’s the only way to stop them from stabbing you right now then it’s fine.” — Matt Levine — Matt Edwards (@engineershope) March 8, 2019

Who Can Follow the Law All the Time?

On the other hand: What? This is a federal court casually suggesting that there is “uncertainty as to the very possibility of maintaining adequate compliance mechanism in light of complex and shifting government regulations.” Ehhhh, who can follow the law all the time, asks … a panel of federal judges? Matt Levine, Money Stuff 6 March 2019

CEO Sexual Harassment Insider Trading

The normal way to pay a public-company CEO involves giving him mostly stock, so if he wants to lead a fancy lifestyle, he will eventually need to sell some of his company’s stock to fund it. And so if a CEO has a long history of sexual harassment, then he will also inevitably have a […]