The Browser - Bank Beliefs

Two Americas, A Bank Branch, $50,000 Cash

Patrick McKenzie | Bits About Money | 5th March 2025

Last year, a magazine published a viral feature about a financial advice columnist who fell for a scam and ended up handing a shoebox containing $50,000 cash to a stranger. This finance writer didn't feel that the account of this large cash withdrawal rang true. So he devoted months of his life to fact-checking it. It's a long and winding road, but the destination is surprisingly satisfying (6,700 words)

Luxury Beliefs

Scott Sumner | The Pursuit Of Happiness | 26th February 2025

America contains a "hidden aristocracy". These people are so insulated by their wealth that they may not even realise the extent to which they exist in a different legal reality to the rest of the country. Drug offences are the classic — rich buyers don't go to jail but poor sellers do. Other matters that are consequence-free for the wealthy include divorce scandals and illegal immigration (1,900 words)

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