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Pop business for the intelligent reader. A publication from Medium.

Ten years after its publication, the late anthropologist’s deconstruction of economics is more valuable than ever

Debt has recently been re-issued, ten years after its original publication in the aftermath of the 2008 financial crisis. That event prompted much soul searching about money and a raft of books purporting to explain how we got into such a mess. Most were…

The dreaded Phillips curve describes the runaway inflation of the 60s and 70s. The situation is very different today.

Anyone who has been following the U.S. monthly economic data lately has noticed that the rate of inflation has been rising over the past year as the unemployment rate has fallen. Here are the numbers:


We’ve been thinking about the government’s finances all wrong

Photo Illustration: Save As/Medium

I Read It So You Don’t Have To is a series that gives you the TL;DR on a business book you want to read — but don’t have time to.

What did I read?

The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy by Stephanie Kelton

So who’s this Stephanie Kelton?

Stephanie Kelton is a professor of economics and public policy at Stony Brook University. She is a former chief economist on the U.S. Senate Budget Committee (Democratic Staff), and is a leading expert on Modern monetary theory (MMT), a macroeconomic framework about federal government spending.

Give me the 30-second sell.

There’s a longstanding myth that’s holding back the U.S…

No Mercy No Malice

Why Scott Galloway believes pessimists make better operators

I believe pessimists make better operators. I, no joke, sit awake at night and…

No Mercy No Malice

Much like an Etch-A-Sketch, Covid has presented an opportunity to envision our lives turned upside down, powder redistributed

I took some time this week to look back at where we were a year ago: reeling from the initial shock of the pandemic; facing the long grind of a summer in isolation…

Workers don’t want to come back to low pay, no benefits, long hours, and grumpy customers. Why should they?

Photo by Ehimetalor Akhere Unuabona on Unsplash.

As the American economy digs out from the devastating financial impact of the Covid-19 pandemic, the result has proved a patchwork of unmet expectations, high unemployment, inflation, and plummeting consumer confidence.

To the dashed hopes of optimistic economists, the U.S. financial engine has not rebounded as fast as some predicted. Sluggish, and more than slightly unpredictable, the economy has begun to recover though.

There are still challenges for U.S. businesses, and plenty of them.

The confusing network of disparate Covid-19 restrictions — varying wildly from county to county and state to state — and the absolute nightmare of public messaging…

Meet the executives who burn millions daily and enrich themselves while creating no real value

The Daily Benjamin Burn™ (DBB) is how much money an executive lit on fire per day during their tenure.

To be a truly great investor or operator or CEO, you need to be a bit of a sociopath: You have to be able to…

Why founders in Southeast Asia, the Middle East, and elsewhere are leveraging SPACs to take their companies public

Co-authored with Allen Taylor (Endeavor Catalyst)

Photo by on Unsplash

While that in of itself is noteworthy, it isn’t the punch line.

Grab is not a traditional Silicon Valley company. Instead, it is the leading super app in South East Asia, with a primarily emerging market user…

No Mercy No Malice

The economic flood gates are about to open wide

A huge ocean wave breaks along the coast.
A huge ocean wave breaks along the coast.
Photo: Luis Ascenso/CC BYY 2.0

Money Talks

Welcome to the new tragedy of the commons

Illustration: Julia Moburg/Medium; source: Getty Images


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