Previous issues of Bits about Money

Credit card debt collection

Credit card debt is the waste stream of consumer finance. The debt collection industry ends up being sordid, for complex structural and microeconomic reasons.

Requiem for a bank loan

A brief retrospective on an attractive product First Republic used to offer, and a wider discourse on the banking crisis.

Banking in very uncertain times

We may be in the early stages of a banking crisis: why, what we're doing to avoid it, and what we may not get about it.

BAM is now reader-supported

Bits about Money now offers paid memberships. (Plus, a bonus essay on newsletter financial infrastructure.)

Credit cards as a legacy system

Credit cards have been in use for almost 75 years. Some long-ago decisions still cause consequences in the present day. But change is possible.

Demystifying financial leverage

Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.

Markets in power

How physics and infrastructure combine to generate (ba dum bum) the power market.

Siting bank branches

Community access to banking is downstream of siting decisions in commercial real estate, in fascinating detail.

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I write about once a week, on the intersection of tech, financial infrastructure, and systems thinking. It's free.