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False Positive

Miles Kellerman

Finance, Crime, and Global Economic Governance

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Substack
PricingOnly free issuesPublishesMonthly
Issues28Founded3 years agoLast Issue7 days ago
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Latest Issues

The Age of Exchange Empires

Ferdinand Brütt, In the Stock Exchange (1891), Städel Museum.


Last week will be remembered as a critical turning point in the history of U.S. financial markets. No, I am not talking about the SpaceX IPO. Far more important was a sub...

7 days ago
7
4

The Hidden Frontlines of Global Trade Security

“Sugar Gang,” Allan Sekula, Ship of Fools/The Dockers’ Museum (1999).

The world is in the midst of a hidden war, one that is being fought across every node of the global trading system. The battle is raging within the ports of Rotterdam an...

24 days ago
5

Banking Beyond the Law (New Essay in Aeon)

The office of a hawala trader in Kandhari Bazaar, Quetta, Pakistan, October 2001. Photo by Vincent Laforet/The New York Times/Headpress (commissioned by Aeon).


In a new long-form essay for Aeon magazine, I explore the little-underst...

3 months ago
4

The Silicon Shell Game

Remedios Varo, The Juggler (The Magician), 1956, MoMA.


In August 2025, a team of compliance professionals visited a seemingly unremarkable warehouse in Southeast Asia. Everything looked normal. There was row upon row of perfectly po...

3 months ago
6
1

Orange County Syndrome

Orange County, California, the birthplace of hit T.V. shows, subprime mortgage-backed securities, and yours truly.

There is no President Trump without Orange County, California. This is an argument I’ve been pondering lately. Like everyone...

5 months ago
6
1

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  • Miles Kellerman

    Miles Kellerman is an Assistant Professor at Leiden University's Institute of Security and Global Affairs (ISGA).

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