Previous issues of Bits about Money

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.

The branch banking model

Ever wondered how bank branches work at a nuts-and-bolts level? Let's dig into the logic and economics of them.

The alchemy of deposits

Deposits are a public/private partnership which create generally usable money out of risky banking activities.

Plastic (and payments) in the fantasy supply chain

Shenzhen baseboard manufacturers, bicoastal U.S. tech companies, mom-and-pop factories throughout the Western world, and a global network of artisans bringing a bit of magic to your tabletop.

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