
The landmines buried in the fine print of Chicago’s new casino deal
In today’s episode Patrick McKenzie (@patio11) examines a Chicago casino investment, first of its kind within the city limits. Patrick reads from his Bits About Money essay (published January 2025) wi...
30 Tammi 202543min

The banking crisis, two years later
Patrick McKenzie (@patio11) revisits his March 2023 essay that explained the dynamics of bank runs and system stress during the banking crisis one month prior. With data from a newly released Federal ...
23 Tammi 20251h 9min

Debanking explained
In this episode, Patrick McKenzie (@patio11) unpacks his 24k word essay Debanking (and Debunking?) originally published on Bits about Money. He discusses the contours of recent debanking claims made b...
16 Tammi 20251h

Retrospective on 2024, with Sammy Cottrell
In this special episode, Patrick McKenzie (@patio11) and his EA/producer Sammy Cottrell examine the production function behind Complex Systems, from studio logistics to transcript annotation and guest...
9 Tammi 20251h 3min

Seeing like an outsider, with Yatharth
In this episode, Yatharth (@askyatharth), a graduate student and software engineer, turns the tables to interview Patrick McKenzie (@patio11) about cultural codes, writing, and AI. Patrick shares how ...
2 Tammi 20251h 19min

The future of pandemic preparedness, with Joshua Morrison
In this episode, Patrick McKenzie (patio11) is joined by Joshua Morrison, the CEO of advocacy non-profit 1Day Sooner. They discuss what worked and what didn't in Operation Warp Speed's unprecedented p...
19 Joulu 20241h 12min

How we tax property, with Lars Doucet
In this episode, Patrick McKenzie (patio11) and Lars Doucet, the author of Land is a Big Deal, discuss how cities determine your property's value and collect taxes. They explore how assessment offices...
12 Joulu 20241h 9min

Fraud levels are a policy choice
In this episode, Patrick McKenzie (patio11) offers a reading of his viral essay, "The optimal amount of fraud is non-zero" with extensive live commentary. Patrick examines payment systems, benefits pr...
5 Joulu 202449min



















