The hottest Monetary System Substack posts right now

And their main takeaways
Category
Top Finance Topics

2025, in summary

Altered States of Monetary Consciousness • 382 implied HN points • 29 Dec 25
💼 Business Monetary System
  1. Big tech's automation drive has merged with reactionary politics, aligning corporate power with nationalist and deregulation agendas.
  2. Corporate commitments to diversity and sustainability were largely performative, as many firms dropped those promises under political pressure, revealing those values as aesthetic rather than structural.
  3. Generative AI is industrialising human creativity, making cultural production feel factory‑farmed and eroding the authenticity of creative works, while builders and firms are chiefly serving shareholders and power.

SCARCE TO ABUNDANT RESERVES

The MacroTourist • 432 implied HN points • 15 Jan 24
💰 Finance Monetary System
  1. In 2008, the Federal Reserve had a significant change with Congress allowing them to pay interest on reserves.
  2. This change led to a shift from a monetary system of scarce reserves to abundant reserves.
  3. It's important to consider this shift when analyzing the Federal Reserve and the yield curve for forecasting.
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The Singularity

The Dollar Endgame • 339 implied HN points • 26 Oct 23
💰 Finance Monetary System
  1. Money creation and quantitative easing are often misunderstood concepts in the financial system, with complex implications for the economy.
  2. Most of the circulating money is in the form of bank deposits, created when commercial banks issue loans, not just by saving money in bank accounts.
  3. Monetary policy, like quantitative easing, impacts the money supply and bank reserves, influencing the real economy by affecting inflation, prices, and economic growth.

L'ONDA D'URTO

ANDREA CECCHI Newsletter • 157 implied HN points • 05 Jan 24
💰 Finance Monetary System
  1. Markets react impulsively to news, creating a sudden impact with amplified effects.
  2. The current economic system relies on debt-based currencies, leading to a continuous cycle of increasing debt and the need for new debts to pay off old ones.
  3. Observing unstable curves in economic indicators may indicate a system approaching a critical phase.

The Death of the Interbank Market

Concoda • 356 implied HN points • 07 Aug 23
💰 Finance Monetary System
  1. The interbank market has changed significantly due to regulations like The Dodd-Frank Act and The Basel Framework.
  2. Banks are now less willing to lend to each other, with the shadow banking layer taking on their previous roles.
  3. The Federal Funds market, once vital for dollar funding, is in decline as a result of these shifts and regulations.

A Skeptic's Guide to Bitcoin

The Last Bear Standing • 76 implied HN points • 12 Jan 24
💰 Finance Monetary System
  1. Fiat currencies can be debased through opaque tactics, benefiting some while hurting others.
  2. Bitcoin has proven itself as a means for global value transfer and storage since its inception in 2009.
  3. As Bitcoin demonstrates its use case, arguments against its legitimacy weaken, leading to broader acceptance.

Why Does the State Have a Monopoly on Money?

Economic Forces • 8 implied HN points • 08 Feb 24
💰 Finance Monetary System
  1. The state's monopoly on money is motivated by the ability to generate quick revenue.
  2. One key reason for this lasting monopoly is the state's need for emergency financing, especially during wars.
  3. For the state to maintain the monopoly over money, it needs to commit to long-run price stability, ensuring the currency's purchasing power is preserved over time.