The Long Shadow of Checks

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A lot of more modern financial infrastructure follows the paths blazed by checks, at least in the U.S.

The Long Shadow of Checks Patrick McKenzie (patio11) • Dec 13th, 2023 A recurring theme for Bits about Money is that financial infrastructure is heavily path dependent. We’re (oft unknowingly) standing atop decades and centuries of work which came before. Sometimes, the specific contours of that work, and of decisions made decades ago, is a roadmap to what continues to work today and what doesn’t. Let’s talk checks. A brief programming note : We're fast approaching the end of the year, and I still owe you all a few issues of Bits about Money, so you might be getting three issues or so pri

The Long Shadow of Checks

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