Glitch - Tech Money

Joe Costello

21 Aug 2025 — 2 min read

Apologies for yesterday's glitch, user-error, in placing a paywall. There's an extra step with Ghost platform. So, here it is again with the understanding good walls may make good neighbors, but not good citizens.

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In the immortal words of Larson E. Whipsnade, "You can't cheat an honest man, never giver a sucker an even break or smarten up a chump." This old American adage is taken to a new level by the Tech industry. Certainly there's no innovation, much of banking has relied on these very factors for over a century. So, it's no real surprise when Tech and banking get together, grab your wallet, errrhh, credit card, errrhh, Iphone.

The FT has a piece ‘On another level’: crypto industry hosts rival gathering in Jackson Hole. Now, if you're one of the unfortunate who followed the Fed for a long time, you know the importance of the annual meeting in Jackson Hole. It's where the Temple and its priests meet outside NY and DC, roam with the buffalo and elk, and spout global financial wisdom. All sorts of money wisdom has emanated over the years. But this, well nothing better shows the jigs up. The barbarians aren't at the gate, they're sitting at the banquet table.

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