quantitative finance

An animated xtranormal explainer on quantitative easing, what the Federal Reserve was doing and how things got there. It was made by Omid Malekan.

Not Just Bikes explains the Strong Towns argument that car-dependent American suburbs cost more to maintain than they generate in taxes. It describes the growth Ponzi scheme that props up municipal finances.

The first video in Not Just Bikes' Strong Towns series explains the financial instability of North American cities, based on Strong Towns research. It argues that low-density suburban growth costs more to maintain than it brings in.

Not Just Bikes contrasts traditional and suburban development in North America. It looks at the financials behind each pattern and argues that suburban development leaves cities unable to pay for their own infrastructure.

Strong Towns explains the Growth Ponzi Scheme, in which post-war suburban growth takes on infrastructure costs that new development must keep funding. It describes why municipal finances become insolvent.

CGP Grey explains that the City of London is a tiny, separate entity with its own governance, history and privileges, distinct from the city called London. He covers its financial role and how it is run.

Not Just Bikes explains how many American suburbs, built all at once rather than incrementally, cannot cover their infrastructure costs and survive on growing debt. It draws on Strong Towns' work on the growth Ponzi scheme.

Ben Felix explains how central bank money creation and quantitative easing actually work, and what they do and do not imply for asset prices and currency. He addresses the common belief that the Fed prints unlimited money and props up markets.

A short RepresentUs explainer on how money corrupts American politics and what an anti-corruption act could do about it. It covers lobbying, super PACs and campaign finance, and pitches the group's proposed reforms. The video was later superseded by an updated version.

Chuck Marohn of Strong Towns explains how a land value tax differs from an ordinary property tax, why it makes economic sense, and why it is rarely used. It is a short six-minute explainer.

Tom Scott visits Yale's archives to look at a 367-year-old bond from a Dutch water authority that is still paying interest. Finance professor Geert Rouwenhorst explains how it works.

Not Just Bikes explains, using Urban3's property-tax analysis, why car-dependent suburbs generate less tax revenue than they cost to maintain, so dense urban cores effectively subsidize them. It is part of a Strong Towns series.

Ben Felix explains how to compare renting and buying a home by looking at unrecoverable costs, and distills it into the 5% rule of thumb. It is framed for a Canadian audience but broadly applicable.

A Wendover Productions explainer arguing that major airlines make much of their profit from loyalty programs and co-branded credit cards rather than flying. It frames airlines as quasi-banks that sell points in bulk, using United's pandemic-era loan as a hook.

Ben Felix argues that common beliefs about renting versus buying are wrong: homes are not great investments, mortgages are not a wealth hack, and ownership does not reliably bring happiness.

A short RepresentUs explainer arguing that US politics is shaped by money, citing the Gilens and Page Princeton study on how little average citizens influence policy.

A short Globe and Mail animated explainer on why renting can leave you as well off as buying a home. It walks through a rent-versus-buy comparison using Toronto numbers and the opportunity cost of a down payment. The video notes it dates from 2015 and the housing market has changed since.

Ben Felix explains how to decide between renting and buying a home, weighing financial and non-financial factors. He argues that renting is often as good or better than owning, both financially and for well-being.

Ben Felix rebuts common arguments for holding only US stocks, such as past outperformance and international revenue exposure. He supports the case for international diversification with cited academic research.

CGP Grey breaks down what the British Royal Family costs the UK versus what it brings in, including income from royal-owned land. He concludes the government nets a profit from the arrangement.

FortNine explains the economics of the dealership model, arguing that dealers absorb inventory risk and help manufacturers' finances. It looks at whether cars and motorcycles could be sold more cheaply without them.

A short animated explainer that stages a $100 footrace in which contestants start at different distances from the line, depending on the advantages or disadvantages they inherited. It uses the race as a metaphor for how unequal starting points shape outcomes, citing US census income and poverty figures.

Destin Sandlin of Smarter Every Day explores how grain bins work and the engineering and know-how involved in farming. His point is that farmers are exceptionally capable.