Tech Money

Joe Costello

20 Aug 2025 — 1 min read

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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, its 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. All sorts of wisdom has emanated over the years. It's where the Temple and its priests meet outside NY and DC, roam with the buffalo and elk, and spout global financial wisdom. But this, well nothing better shows the jigs up. The barbarians aren't at their gate, they're at the banquet table.

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Life in the 21st century is reader supported, please subscribe and make life sustainable. SUBSCRIBE Not long ago, Private Equity was hailed as another great new financial innovation – Mo money, Mo money, Mo money! In the last couple years, there's been a rising number of stories questioning their

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Ecology, Nukes, & Information

Civilization -- All Roads Lead to Rome

Money, Information, and Politics

PEs and AIs and Bears. Oh My!