Nathan Tankus, author of the Notes on the Crisis newsletter, delves into Elon Musk's access to the Treasury's Bureau of Fiscal Service. He discusses the critical role this unit plays in government finance and the ramifications of outdated technology like COBOL. The conversation takes a legal turn with the complexities of impoundment, highlighting the tension between executive power and congressional authority. Tankus raises alarms about potential operational risks and market stability if this payment system were to fail.

Nathan Tankus, a journalist known for his insightful newsletter Notes on a Crisis, delves into Elon Musk's audacious move to infiltrate U.S. government agencies. The discussion reveals how Musk's actions threaten the integrity of the government, particularly with his push into the Treasury's outdated payment system, which has led to rising anxiety among civil servants. Tankus emphasizes the cultural divide between modern tech talent and legacy IT systems, shedding light on the systemic risks that come with Musk's controversial influence.

Nathan Tankus, an economist and the mind behind the Notes on the Crises newsletter, explores Elon Musk's controversial takeover of U.S. Treasury payment systems. He reveals alarming implications for democracy and data privacy, highlighting resignations within the Treasury amid escalating tensions. Tankus discusses the risks of entrusting sensitive information to private actors and critiques the concentration of power in the executive branch, emphasizing the urgent need for oversight in these turbulent political times.

Nathan Tankus, author and researcher at the Modern Money Network, dives into the troubling activities at the U.S. Treasury, revealing potential repercussions for global finance. He humorously links economic crises to bizarre tales, including the fate of a sacred duck in Venice. The conversation also touches on the absurdities of AI shopping, illustrating the risks of relying on technology for everyday needs. Expect witty commentary on political absurdities and the state of governance, offering both laughter and a thought-provoking look at current issues.

Nathan Tankus explains currency value, exchange rates, inflation, & Venezuela. They discuss Modern Money Theory, power dynamics in Eurozone, significance of job guarantee, challenges in Venezuela, and debunking myths about the medieval economy.