Podcast Index

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Complex Systems with Patrick McKenzie (patio11) Complex Systems with Patrick McKenzie (patio11) Patrick McKenzie C-Suite Perspectives C-Suite Perspectives The Conference Board Bloomberg News Now Bloomberg News Now Samejo Lunch with Pippa Hudson Lunch with Pippa Hudson CapeTalk Think Fast Talk Smart: Communication Techniques Think Fast Talk Smart: Communication Techniques Matt Abrahams, Think Fast Talk Smart The Derm Vet Podcast The Derm Vet Podcast Ashley Bourgeois, DVM, Dip ACVD CyberHub Podcast CyberHub Podcast James Azar The Alchemist's Library The Alchemist's Library Ryan Ayala Everyday AI Podcast – An AI and ChatGPT Podcast Everyday AI Podcast – An AI and ChatGPT Podcast Everyday AI Retire SMART Podcast Retire SMART Podcast Retire SMART LLC Good Morning, Money! Good Morning, Money! Rosha Entezari The Scene Projects The Scene Projects The Scene Projects Live from South College Live from South College South College Living Your Legacy Living Your Legacy Rudy Mawer Buenos Días Mercado Buenos Días Mercado El Conquistador FM The Legacy Martial Arts Business Podcast The Legacy Martial Arts Business Podcast Legacy Martial Arts Consulting Rec Tech: the Recruiting Technology Podcast Rec Tech: the Recruiting Technology Podcast Chris Russell The Classy Career Girl Podcast The Classy Career Girl Podcast Classy Career Girl International, LLC Monetary Matters with Jack Farley Monetary Matters with Jack Farley Jack Farley Retail Insights Retail Insights Multimedia Plus, Inc. Virtual Rolodex hosted by TXCPA Houston Virtual Rolodex hosted by TXCPA Houston Kristie Ondracek Land Investor Land Investor Land Investor Chief in Tech Deep Dive Shortcast Chief in Tech Deep Dive Shortcast Executive Women in Tech (EWIT) Starter Story Starter Story Starter Story 🇨🇭🇩🇪 Markt-Trends setzen mit Swissquote 🇨🇭🇩🇪 Markt-Trends setzen mit Swissquote Markus Koch, Wieland Arlt und Feyyaz Alingan bieten Ihnen einen Überblick über alle Anlageklassen PZ Briefing – Die wichtigsten Nachrichten des Tages PZ Briefing – Die wichtigsten Nachrichten des Tages Pharmazeutische Zeitung Cenário Econômico com Leandro Resende Cenário Econômico com Leandro Resende Rádio CBN Early Childhood Business Made Easy Early Childhood Business Made Easy Kelley Peake Systeme.io success stories Systeme.io success stories Systeme.io The Accountability Minute:Business Acceleration|Productivity The Accountability Minute:Business Acceleration|Productivity Anne Bachrach Unofficial QuickBooks Accountants Podcast Unofficial QuickBooks Accountants Podcast Alicia Katz Pollock, MAT The Living Elevated Show: Smart Moves, Bilingual Voices The Living Elevated Show: Smart Moves, Bilingual Voices Alexander CULT STATUS Podcast -  the podcast for global coaching leaders and visionaries that turn their brands into cult-like companies. CULT STATUS Podcast - the podcast for global coaching leaders and visionaries that turn their brands into cult-like companies. Ramona Oxenbauer, AIMING HIGH The Dutch Investors The Dutch Investors The Dutch Investors Expanded Woman Podcast Expanded Woman Podcast Sarah Poirier Achievers Therapy Achievers Therapy Kingsley Nwaekwe Le Podcast du Marketing - stratégie digitale, marketing digital, CMO, persona, emailing, inbound marketing, webinaire, lead magnet, branding Le Podcast du Marketing - stratégie digitale, marketing digital, CMO, persona, emailing, inbound marketing, webinaire, lead magnet, branding Estelle Ballot
Complex Systems with Patrick McKenzie (patio11)

Business

Complex Systems with Patrick McKenzie (patio11)

Patrick McKenzie

The structural footprint of a bank run

July 02, 2026 1:58am 40 min

Patrick McKenzie (patio11) reads his 2023 essay "Deposit Franchises as Natural Hedges," written seven weeks into that year's banking crisis, making the case that deposit franchises are a natural hedge against interest ra...

Forty ways to pay for coffee in Japan

June 25, 2026 2:00am 35 min

Patrick McKenzie (patio11) reads his 2021 essay "Payments in Japan," tracing how Japanese consumers navigate a landscape with dozens of competing payment methods at once: credit cards, electronic money, QR-code super app...

The factory behind your home loan

June 18, 2026 2:00am 26 min

Patrick McKenzie reads from his 2022 Bits About Money essay on mortgages, making the case that a mortgage is best understood as a manufactured product, not a simple loan between a bank and a customer. He walks through th...

How brokerage transfers actually work

June 04, 2026 2:00am 43 min

Patrick McKenzie reads from his 2024 Bits About Money essay on ACATS, the Automated Customer Account Transfer Service that governs how Americans move investment accounts between brokerages, then updates it with regulator...

Wrong numbers and why they survive, with Aaron Brown

May 14, 2026 2:00am 55 min

Patrick McKenzie (patio11) is joined by Aaron Brown, author of Wrong Number, to examine why institutions that produce bad statistics face so few consequences for doing so. They trace the pattern from Aaron's 1975 summer ...

Defendant, Censor, Politico, Spy

May 08, 2026 2:12am 1:05

The improbable but true story of how non-profits operating a private intelligence agency to combat terrorism decided to interfere with campaign infrastructure in a U.S. election.This piece includes original public intere...

How the SPLC became financial infrastructure

May 01, 2026 3:15am 51 min

Patrick McKenzie reads from his latest Bits About Money essay, walking through why bank fraud charges are a prosecutor's favorite tool, how the Bank Secrecy Act's surveillance regime is designed to force criminals into i...

The honey badger of payments

April 23, 2026 2:00am 29 min

Patrick McKenzie (patio11) reads his classic Bits about Money essay on how checks shaped the entire American payments infrastructure, from the origins of ACH to why a standard US bank account is, technically, a credit pr...

Cash received is not revenue earned

April 16, 2026 2:01am 33 min

Patrick McKenzie (patio11) reads his classic Bits about Money essay explaining why revenue recognition in software is more complicated than most engineers, founders, and financial reporters think. The essay covers the ac...

Your bank balance isn’t in the bank, and other alchemy

April 09, 2026 2:01am 48 min

Patrick McKenzie (patio11) reads his classic Bits About Money essay on why your bank deposit is not what you think it is. He explains the capital stack that makes deposits appear riskless while funding genuinely risky bu...

Payroll, pins, and punch cards

April 02, 2026 2:00am 47 min

In this episode of Complex Systems, Patrick McKenzie riffs on why public sector payroll modernization is even more likely to fail than the typical public software procurement project. He then goes into a wider discussion...

Delve into compliance theatre

March 26, 2026 2:02am 56 min

Patrick McKenzie (patio11) explains how compliance regimes designed to be viral brought many more firms into the scope of frameworks like SOC 2. This created a market demand for compliance-on-the-cheap by companies like ...

Understanding consumer debt collections: the underbelly of finance

March 19, 2026 3:18am 44 min

Patrick McKenzie (patio11) reads his classic Bits about Money essay explaining why the debt collection industry earns its “river of effluvia” metaphor. From the accounting standards that force banks to "charge off" delin...

Inference engineering and the real-world deployment of LLMs, with Philip Kiely

March 12, 2026 2:00am 1:23

Patrick McKenzie (patio11) and Philip Kiely, early employee at Baseten, discuss the inference stack: the critical layer of software and hardware that sits between a model’s weights and a user’s prompt. They cover inferen...

Secrets designed to be divulged and other payment oddities

March 05, 2026 2:37am 25 min

Patrick McKenzie (patio11) deconstructs the "original sin" of payments: building a global financial substrate on shared secrets that were distributed promiscuously to function. He examines the multi-decade game of Whack-...

Understanding government procurement, with Luke Farrell

February 26, 2026 2:00am 1:20

Patrick McKenzie (patio11) and Luke Farrell examine the structural "technical imagination" gap that prevents the US government from delivering high-fidelity digital services. They discuss why states routinely pay full pr...

APIs of evil: studying fraud as infrastructure

February 12, 2026 2:00am 51 min

Patrick McKenzie (patio11) reads an essay about "industrial-scale" fraud and why it should be treated as a professional business process rather than a series of isolated accidents. He explains how fraudsters leverage spe...

Why check cashing businesses exist

February 05, 2026 2:00am 38 min

Patrick McKenzie (patio11) reads an essay about the business of check cashing, a misunderstood industry. He explains why cashing a check is actually a "new credit extension" where the bank bets on both the writer and the...

Claude Code makes several thousand dollars in 30 minutes, with Patrick McKenzie

January 29, 2026 2:01am 40 min

Patrick McKenzie (patio11) walks through a coding session with Claude Code to demonstrate what the fuss is about. The business problem: recovering failed subscription payments that required coordinating APIs across Strip...

We should stop burning pharma trials’ lab notes, with Ruxandra Teslo

January 22, 2026 2:00am 1:17

Patrick McKenzie (patio11) is joined by Ruxandra Teslo to discuss why drug development keeps getting more expensive despite revolutionary new treatment modalities from GLP-1 agonists to gene therapies. They discuss Eroom...

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