We discuss a great new essay from Noah Kulwin that situates the modern crypto grift economy as a reincarnation of the Savings and Loans Crisis of the 80s – as a way of arguing for a longer view of the historical materialist context of these larger dynamics. New body, old engine.

Some stuff we reference:

••• Tales from the Thrifts https://thebaffler.com/salvos/tales-from-the-thrifts-kulwin

••• Would You Take Out a Loan to Buy This Week’s Groceries? https://www.nytimes.com/2022/08/29/dining/buy-now-pay-later-loans-groceries.html

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Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)