roundthinking
RufusThe money is never just the money. Follow the incentives. Find the truth.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 46 | Founded | 3 years ago | Last Issue | a month ago |
| Active | |||||
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roundthinking.substack.comLatest Issues
The Rider and the Horse
Since Rachel Reeves’s Autumn Budget in November 2025, Kemi Badenoch’s favourability has climbed from 19 per cent to 31 per cent. No poll conducted since has put her below the floor she occupied before that Budget landed. Her performance at...
Manchesterism
Everyone is waiting to see Burnham’s policies. Logically, these are to be found in the manifesto voted on in the last election. If the more recent local elections were catastrophic enough to force a change of leader, does that not, morally,...
Right Diagnosis, Wrong Prescription
Allies of the man about to become Prime Minister have published a blueprint. Water and energy utilities, brought under public ownership over a decade, financed by public corporations issued with the power to borrow on their own account. The...
The Greatest Trick Money Ever Pulled
In a superbly accurate description of stablecoins (”Are stablecoins money?” 2nd July), The Economist probably didn’t mean to confess the illusion at the heart of our current money system, and to whom the benefits accrue. But it did.
Buried...
The Freedom Trilemma
In the days since the US government restored access to two American AI models it had switched off nineteen days earlier, overnight, without warning, without published criteria, and without appeal, most of the coverage has treated that resto...
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Authors
The writers behind this newsletter.
Linguist who became a hedgie, then author, then substacker. The journey explains the conclusion. Monetary history, incentive design, technology, institutional failure. And what to do about it.
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