Fireside 2.1 ( ex.haust Blog Sun, 28 Feb 2021 18:45:00 -0500 ex.haust Blog en-us Episode 27 Bibliography Sun, 28 Feb 2021 18:45:00 -0500 1f8320ff-5079-4588-9123-b29e02712cb6

Bayesian view on trial statistics:
Jacob Stegenga (2018) Medical Nihilism

NHLBI trial null effects:
Kaplan & Irvin (2015) Likelihood of Null Effects of Large NHLBI Clinical Trials Has Increased over Time

Bayesian low incidence rate uncertainty:
Yasin Memari (2021) Low incidence rate of COVID-19 undermines confidence inestimation of the vaccine efficacy

E484K variant mutation effects on vaccine efficacy:Jacqui Wise (2021) Covid-19: The E484K mutation and the risks it poses

Israeli one-dose vaccine data:
Elisabeth Mahase (2021) Covid-19: Reports from Israel suggest one dose of Pfizer vaccine could be less effective than expected

Efficacy of natural infection in preventing reinfection:
Hall et al. (2021) Do antibody positive healthcare workers have lower SARS-CoV-2 infection rates than antibody negative healthcare workers?

Industry prior belief on mRNA effect of 4-10x natural response:
Charles Schmidt (2021) New COVID Vaccines Need Absurd Amounts of Material and Labor

Earlier investigation of mRNA vax production:
Jonas Neubert (2021) Exploring the Supply Chain of the Pfizer/BioNTech and Moderna COVID-19 vaccines

Speculation re: mRNA vax formulation bottlenecks:
Derek Lowe (2021) Opinion: A straightforward explanation why more COVID-19 vaccines can’t be produced with help from ‘dozens’ of companies

Medicial Nihilism by Stegenga

We Have Never Been Modern by Bruno Latour

Labratory Life by Bruno Latour

Episode 26 Bibliography Tue, 23 Feb 2021 22:00:00 -0500 ec9a0c9d-a4e6-4690-87f3-017097996c68 Matt's corrections:

Podcast notes
-Early on (before the clap) I say that Citadel owns a stake in Robinhood. Citadel does NOT own a large stake in Robinhood. I was under this impression because I had recently read a Reddit post claiming so. As always, not everything we read on the internet is true (more on this falsehood and how it propagated here: Citadel did bailout Melvin Capital. Most importantly, Citadel is Robinhood’s primary market maker; their primary source of shares for clients/users. More on the relationship between citadel and Robinhood here:
-when defining hedge funds, I casually say that one can invest in a hedge fund through a retirement account. This is false. Hedge funds are not typically available to small investors through retirement accounts, but rather are marketed exclusively to a relatively small group of large investors. John was very correct to emphasize the exclusive “boutique” nature of hedge funds. Other aspects of hedge funds worth mentioning are that they usually traded very liquid assets.
-I say that u/DeepFuckingValue worked as a financial advisor. This is at least imprecise. u/DeepFuckingValue did not work as a financial advisor during his initial investment in GME, but did work as a “financial well-being coach”.
-I described margin calls and clearing house correctly, but did incorrectly say at some point that one can meet margin requirements by buying stock. To cover margin, one need not buy back shares. One can simply put money in one’s brokerage account in order to cover margin. One buys back shares and returns them to the lender only when one closes out the short position entirely.
-61:22. I say that trades sometimes settle two or three days after they are made. This is less precise than it should have been. Trades settle with clearing houses two days after trades are executed, this is commonly called t+2 settlement. Robinhood’s CEO has talked about having the Depository Trust Clearing Corporation (DTCC) move to real-time settlement, and industry changes as well as regulations to that effect have been discussed in the aftermath of GME’s wild ride.
-Another key regulatory point I failed to mention involved transparency of hedge funds. Reporting requirements for hedge funds are notoriously limited. Some funds provide extensive information about their trades and positions, investors, and manager compensation, but they are not legally required to and many keep these things secret. Some commentators have discussed new regulations that would require such disclosures. This podcast is a good deep dive on the regulatory questions:
-At certain points throughout the pod, I incorrectly characterize “payment for order flow”. You and John describe payment for order flow correctly, I sometimes do not. Payment for order flow is the practice where market makers pay brokers to process their trades in order to receive real time order data of the broker’s clients. Market makers can use this data to enhance their own trading strategies and risk management. You’re both right that all the typical privacy and surveillance-capitalism concerns apply, but payment for order flow has enabled brokers to eliminate commissions and make it easier for retail investors to trade.
-at the end I say something like, “I find it hard to look at all these events and say they mean that there is something deep and fundamentally broken about the system.” I wish I had clarified this. There is currently a distressing decoupling between stock market prices and real economic activity, and the GameStop saga is one example of that, but I see it as just a symptom. Numerous trends far upstream of the particulars of the GameStop story do concern me. These include unprecedented levels and pace of central bank money creation and asset purchases, especially purchases of corporate bonds and other non-government securities (btw, those purchases managed by Blackrock), along with government stimulus. Countless financial journalists have been sounding the alarm that government policies have encouraged an “everything bubble”, and if there’s something to be deeply concerned about in the GameStop story, it’s the possibility that the hysteria and irrational exuberance surrounding WallStreetBets are a symptom of a broader bubble.
-another point that I should have made was that many other online trading platforms and brokers suspended trading for GME AMC and other stocks discussed on WSB. These included WeBull, Cash App, and TD Ameritrade. The liquidity problem affecting clearing houses and brokers was not isolated to Robinhood, though most of the GME retail trading frenzy seems to have been done by Robinhood users, along with large investors not on Robinhood.

Here are some of those articles:

On relevant SEC regulations:

On Central bank monetary policy:

Margin debt (money borrowed to pay for stock purchases) has risen dramatically:

Matt Levine’s now prophetic article on the short squeeze Reddit situation:

A concise take I pretty much totally agree with:

On clearing houses and market infrastructure:

Specifically about the DTCC:

What’s an option?:

What’s short selling?:

Episode 24 Bibliography Tue, 09 Feb 2021 23:30:00 -0500 0f903bcc-aa48-4311-979a-22f80e19bec8 "Patriotism" by Yukio Mishima


"Lottery of Babylon" by Jorge Luis Borges

Best take on Kurt Cobain in existence from Chris Ott:

Being and Time by Martin Heidegger

Rick Roderick lectures:

Episode 23 Bibliography Tue, 02 Feb 2021 23:30:00 -0500 30ed4240-e5e5-4044-b2c4-428d40d0da13 CDC Expose:

CFR Report on COVID response:

Sanofi Pasteur to produce Pfizer vax:

Health Canada’s pandemic surveillance scripts:

Organizational Narcissism:

Gabor Mate on stressed parenting:

Episode 22 Bibliography Tue, 26 Jan 2021 23:30:00 -0500 a0eef45e-decc-4ba1-8e42-1e1955eaa840

Emerson and German Philosophy
René Wellek
The New England Quarterly
Vol. 16, No. 1 (Mar., 1943), pp. 41-62 (22 pages)

East-West Philosophy in Nineteenth-Century America: Emerson and Hinduism
Russell B. Goodman
Journal of the History of Ideas
Vol. 51, No. 4 (Oct. - Dec., 1990), pp. 625-645 (21 pages)

"The American Scholar" by Emerson
"Literary Nationalism," "American Literary Independence," "National Literature and Imitation," and "Magazine Literature in America" by Poe

Episode 21 Bibliography Tue, 19 Jan 2021 23:30:00 -0500 bb0ad8f6-edfb-4f2d-9076-fb884d93779a The Nicomachean Ethics by Aristotle

Genealogy of Morals by Nietzsche

Mengzi: With Selections from Traditional Chinese Commentaries ed. Bryan W. Van Norden

In the Swarm by Byung-Chul Han

Episode 20 Bibliography Sun, 10 Jan 2021 23:30:00 -0500 366bfbd2-6835-4c3a-9f44-9823c59d9413 Surveillence Capitalism by Shoshanna Zuboff

Facebook is a Doomsday Machine by Adrienne LaFrance

We're in the Business of Programming People's Lives by Andrew Smith

Episode 19 Bibliography Tue, 05 Jan 2021 23:30:00 -0500 846dce05-8af4-4fca-8566-2de8f1bad525 Clip from Code Orange's Back Inside the Glass

Code Orange's Under the Skin

Dana White discussing how the UFC survived covid.

Forrest Griffin v Stephan Bonnar

Chris Ott's discussing Other Music.

Episode 18 Bibliography Tue, 29 Dec 2020 23:30:00 -0500 89618c10-cceb-4f21-bda4-406a699f8945 The White House Paid Up to $500 Million Too Much for These Ventilators, Congressional Investigators Say

Rebekah Jones: a data scientist takes on the Florida governor

Supply Chain Challenges for Single-Use Systems

Some citations from Canada Mike:

classic bioprocesses:

single use processes:

single use systems in COVID development platforms:

Episode 17 Bibliography Tue, 22 Dec 2020 23:30:00 -0500 7631ee24-b3c0-4569-b269-ee43dd43d392 Undoing the Demos by Wendy Brown

Public Oppinion by Walter Lippman

What Is Democracy? (2018, dir. Astra Taylor)

The Principles of Representative Government by Bernard Manin

The Crowd: A Study of the Popular Mind by Gustave Le Bon

Nudge: Improving Decisions About Health, Wealth, and Happiness by Cass Sunstein and Riachard T. Thaler

Consumer’s Republic by Lizabeth Cohen

Underworld by Don Delillo

The New Deal: A Global History by Kiran Klaus Patel

Democracy in Exile: Hans Spier and the Rise of the Defense Intellectual by Daniel Bessner

The Crisis of Parliamentary Democracy by Carl Schmitt

The Concept of the Political by Carl Schmitt

Political Theology by Carl Schmitt

Politics and Vision by Sheldon Wolin

Episode 16 Bibliography Tue, 15 Dec 2020 23:30:00 -0500 2468d2d8-587d-46aa-8fde-02c190f03350 Formations of the Secular by Talal Asad

American Audacity: In Defense of Literary Daring by William Giraldi

Simpsons Raven

Ficciones by Jorge Luis Borges

The Odyssey by Homer (Lattimore translation)

Sam Shepard's "True West" - 1984 (John Malkovich and Gary Sinise)

Episode 15 Bibliography Tue, 08 Dec 2020 23:45:00 -0500 92537a11-0d18-490d-83ea-230cc49d1e0c Batman vs. Superman: Dawn of Justice dir. Zack Snyder (2016)

"The kids of Jesus Camp, 10 years later: 'Was it child abuse? Yes and no'" by Josiah Hesse

After Virtue by Alisdair MacIntyre

The Culture of Narcissism: American Life in the Age of Diminishing Expectations by Christopher Lasch

The Revolt of the Elites and the Betrayal of Democracy by Christopher Lasch

"Joe Biden is crowdfunding his own presidential transition" by Rafi Schwarts

Blackwater: The Rise of the World's Most Powerful Mercenary Army by Jeremy Scahill

Regarding the Pain of Others by Susan Songtag

"Smoke Break" by Emmet Penney

Episode 14 Bibliography Tue, 01 Dec 2020 23:30:00 -0500 73ed70a2-0f8d-4ccb-84e8-0918c0ce5f39 The Deindustrialization of America: Plant Closings, Community Abandonment, and the Dismantling of Basic Industry by Barry Bluestone and Bennett Harrison

The Economic Foundations of Industrial Policy by Marc Fasteau and Ian Fletcher

How Trump Got His Right-Wing New Deal Victory by Fred Stafford

American Factory dir. Steven Bognar and Julia Reichat (2019)

Ross Perot: The Last American Leftist

Episode 13 Bibliography Tue, 24 Nov 2020 23:30:00 -0500 7aacb3a3-2722-4232-9ceb-e932b0bed92b "Self-Reliance" by Ralph Waldo Emerson

"The American Scholar" by Ralph Waldo Emerson

The Portable Poe by Edgard Allan Poe

The Passions and the Interests: Political Arguments for Capitalism before Its Triumph by Albert O. Hirschman

Democracy in America by Alexis De Tocqueville

Blood and Thunder: The Epic Story of Kit Carson and the Conquest of the American West by Hampton Sides

The Politics by Aristotle

On the Advantage and Disadvantage of History for Life by Nietzsche

The Omni-Americans by Albert Murray

The Age of Entitlment: America Since the Sixties by Christopher Caldwell

Episode 12 Bibliography Tue, 17 Nov 2020 20:45:00 -0500 2ee223be-ed54-4c99-aa54-1016ce9726d6 The Revolt of the Elites and the Betrayal of Democracy by Christopher Lasch

The Culture of Narcissism: American Life in the Age of Diminishing Expectations by Christopher Lasch

"The Non-Voter" by Chris Arnade

"Lawyers Charged With Seven Felonies In Molotov Cocktail Attack Out On Bail" by Diane Temple-Raston

"Jake Paul: The Only Person Worse Than His Brother Logan Paul" by D'Angelo Wallace

"The Real Class War" by Julius Krein


The Age of Entitlement: America Since the Sixties by Christopher Caldwell

Correction: The Charlie Rose interview with Lord Goldsmith and Laura Tyson was about GATT not NAFTA. It's available here.

Episode 11 Bibliography Tue, 10 Nov 2020 23:45:00 -0500 fe7ec6cf-3de8-4ed2-b9d9-d6572593db26 The Revolt of the Elites and the Betrayal of Democracy by Christopher Lasch

Protagoras by Plato

Bullfinch's Mythology by Thomas Bullfinch

Through the Jade Gate to Rome by John E. Hill

Episode 10 Bibliography Tue, 03 Nov 2020 23:30:00 -0500 fe97205b-9f9e-4ba8-b883-2a44dff2ea86 Consuming Japan by Andrew McEvitt

Morals of the Market by Jessica White

“Adam Smith’s Arthritis” Jennifer M. Miller

A Consumer’s Republic by Lizabeth Cohen

Thinking Through the Cold War by Jardini

The Second Red Scare and the Unmaking of the New Deal Left by Landon Stores

Towards Freedom: The Case Against Race Reductionism

The Spirit of the Laws by Montesquieu

Capitalism and the Protestant Ethic by Max Weber

Arif Dirlik, "Confucius on the Borderlands: Global Capitalism and the Reinvention of Confucianism," 

The Commission on the Year 2000 by Daniel Bell et al.

The Affluent Society by JK Galbraith

The New Industrial State by JK Galbraith

All in the Family by Robert Self

Neoconservatism: The Biography of a Movement by Justin Vaïsse,

The Great American Mission: Modernization and the Construction of an American World Order by David Ekbladh

Episode 9 Bibliography Tue, 27 Oct 2020 23:30:00 -0400 3d296d38-d82d-4506-9870-960c7b34a6c6 The Revolt of the Elites and the Betrayal of Democracy by Christopher Lasch

The Republic by Plato

The Politics by Aristotle

After Virtue by Alisdair McIntyre

Citizens to Lords by Ellen Meiksins Wood

Democracy in America by Tocqueville

Undoing the Demos by Wendy Brown

The Eclipse of the Demos by Kyong-Min Son

Citizens United Decision

The Last Psychiatrist

Episode 8 Bibliography Tue, 20 Oct 2020 23:30:00 -0400 695ccfac-5c3c-4307-b6d5-83800e0890ea The Revolt of the Elites and the Betrayal of Democracy by Chrisopher Lasch

"Lectureporn: The Vulgar Art of Liberal Narcissism" by Emmet Penney

Thinking Through the Cold War by David Jardini

Democracy in Exile: Hans Spier and the Rise of the Defense Intellectual by Daniel Bessner

Voltaire's Bastards: The Dictatorship of Reason in the West by John Ralston Sauls

The Work of Nations by Robert Reich

Toward Freedom: The Case Against Race Reductionism by Toure F. Reed

Episode 7 Bibliography Tue, 13 Oct 2020 23:30:00 -0400 90f675e8-bf66-4aee-949b-9ed42132a49d Psychopolitics by Byung-Chul Han

The Burnout Society by Byung-Chul Han

AJAT blog

"The Japanese End: Japan in Alexandre Kojeve's End of History" by Aingeru Aroz

Ivan Ilich

Brad Troemel

Theranos Doc HBO

Bel Geddes info from Freedom’s Forge by Arthur Herman

Osho doc: Wild Wild Country (Netflix)

Bullshit Jobs by David Graeber

"Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees" by Aaron Gregg

"How the American Worker Got Fleeced" by Josh Eidolson

This is Paris: Paris Hilton Documentary

"WeWork: How the Ultimate Unicorn Lost Its Billions" by Eric Platt and Andrew Edge-Cliff Johnson

"The WeWork Con" by Amber A'Lee Frost

"A bitter end for Juicero as start-up runs out of juice" by Tim Bradshaw

"Jessica Silverman’s Secret to 10 Years of Success as a Gallerist? Hustle Harder" by Anne Louie Sussman

Entrepreneurbrain Schema:

Self/Brand Collapse - The foundation
Chosen Family - The foundation

Hustle-harderism - Jessica Silverman
Ahab Syndrome - Elizabeth Holmes
Osho Syndrome - Adam Neumann
Unnovation - Matchabros, Alfred Coffee, Juicero

Episode 6 Bibliography Wed, 07 Oct 2020 10:00:00 -0400 300c32fd-d6be-4e15-8d42-ddde74d55dc2 Our references in episode six with Olivier Jutel "Blockchain and the Technology of Truth" by Olivier Jutel

"Blockchain Imperialism in the Pacific" by Olivier Jutel

The Cultural Logic of Computation by David Golumbia

From Counterculture to Cyberculture by Fred Turner

TechGnosis by Erik David

Blog Theory by Jodie Dean

Palantir IPO Filing

"Postscript on the Societies of Control" by Gilles Deleuze

Anglo American Imperialism in the Pacific ed. by Michelle Keown et al.

Story on the dam in the Congo from Apocalypse Never by Michael Shellenberger

Story on the American soldier given radiation treatment from Studs Terkel’s The Good War

The Democratic Paradox by Chantal Mouffe

Hegemont and Socialist Strategy by Chantal Mouffe and Ernestno Laclau

Rick Roderick's lecture on Habermas

Episode 4 & 5 Bibliography Tue, 29 Sep 2020 23:00:00 -0400 9e0b7c47-5d52-4c6b-8224-a2b816d62de1 (almost) everything we reference in the episode. "Inside TikTok's Hidden Hit Machine" by Ethan Millman

"We are the music supervisors" by Shallow Rewards

"The Hiding" by Shallow Rewards

"Genrecore: The Smooth Hell at the End of Music" by Emmet

"The Insane Rise and Fall of Mypsace" by PunkRockMBA

[Reverse Engineered TikTok Algorithm](

Surveillence Valley by Yasha Levine

"tiktok challenges are back (and more illegal than ever)" by d'angelo wallace

"Alice In Chains - Would? (REACTION!!!)" by Lost in Vegas

Todd in the Shadows (I can't remember which video I pulled from, but here's his account)

Some of the bands we mention:





Left Behind



"Hustle Hard" by Ace Hood

Episode 3 Bibliography Tue, 22 Sep 2020 23:00:00 -0400 81531b63-aefa-4af2-8cad-179b905b7e66 "Why It's So Hard to Find Dumbbells in the US" by Alex Abad-Santos

"Who Lost Lucent: The Decline of America's Telecom Equipment Industry" by Robert D. Atkinson

Other Podcasts:

"Behind the News: Christian Parenti" hosted by Doug Henwood

"/145/The End of Conservatism ft. Julius Krein" hosted by Aufhebungabunga

Books we pull from:

_Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism _by Ha-Joon Chang

Class Struggle and the New Deal: Industrial Labor, Industrial Capital, and the State by Rhonda F. Levine

_Franklin D. Roosevelt and the New Deal: 1932-1940 _ by William E. Leuchtenberg

The World Is Flat 3.0: A Brief History of the Twenty-first Century by Thomas L. Friedman

Videos on Bell Labs that John references: