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

We publish episodes weekly on Thursdays.
Full transcripts included.

Complex Systems

Latest Episodes

The past, present, and future of AI, with Stripe

The past, present, and future of AI, with Stripe
No, poor people aren’t funding your credit card rewards

No, poor people aren’t funding your credit card rewards
Points, profits, and packed planes, with Gary Leff

Points, profits, and packed planes, with Gary Leff
Tax the dirt, with Lars Doucet & Greg Miller

Tax the dirt, with Lars Doucet & Greg Miller
A tale of two Americas in one $50K cash withdrawal

A tale of two Americas in one $50K cash withdrawal
AI, data centers, and power economics, with Azeem Azhar

AI, data centers, and power economics, with Azeem Azhar
On editorial standards and independence

On editorial standards and independence
Stablecoins and shenanigans, with Zeke Faux

Stablecoins and shenanigans, with Zeke Faux
Power plays: grid economics and engineering, with Travis Dauwalter

Power plays: grid economics and engineering, with Travis Dauwalter
The landmines buried in the fine print of Chicago’s new casino deal

The landmines buried in the fine print of Chicago’s new casino deal
(All older episodes are available in the archives.)