Wednesday links lose their meaning
Infrastructure Madness: Jack Shafer on the meaninglessness of crumbling-infrastructure statistics.
Rich People Things: A great rant from Chris Lehmann.
Portals and Rails: The Federal Reserve Bank of Atlanta has an entire blog devoted to risks in the retail-payments system. I love this medium.
Geithner fails to impress: In front of Congress, and Elizabeth Warren.
The Infinite Loan Machine. An examination of the effect of loan securitization on the fractional reserve banking system: Is fractional reserve banking incompatible with securitization? Maybe.
Forging Ahead: How the rise of eBay means more fake antiques, but less looting.
A flawed first draft of history: The editor of the FT in self-criticism mode.