Patrick McKenzie (patio11) podcast on technology, finance, and systems thinking.

We publish episodes weekly on Thursdays.
Full transcripts included.

Complex Systems

Latest Episodes

Forty ways to pay for coffee in Japan

Forty ways to pay for coffee in Japan
The factory behind your home loan

The factory behind your home loan
How brokerage transfers actually work

How brokerage transfers actually work
Wrong numbers and why they survive, with Aaron Brown

Wrong numbers and why they survive, with Aaron Brown
Defendant, Censor, Politico, Spy

Defendant, Censor, Politico, Spy
How the SPLC became financial infrastructure

How the SPLC became financial infrastructure
The honey badger of payments

The honey badger of payments
Cash received is not revenue earned

Cash received is not revenue earned
Your bank balance isn’t in the bank, and other alchemy

Your bank balance isn’t in the bank, and other alchemy
Payroll, pins, and punch cards

Payroll, pins, and punch cards
(All older episodes are available in the archives.)