Complex Systems with Patrick McKenzie (patio11) podcast

Complex Systems with Patrick McKenzie (patio11)

We live in a world where our civilization and daily lives depend upon institutions, infrastructure, and technological substrates that are _complicated_ but not _unknowable_. Join Patrick McKenzie (patio11) as he discusses how decisions, technology, culture, and incentives shape our finance, technology, government, and more, with the people who built (and build) those Complex Systems.

We live in a world where our civilization and daily lives depend upon institutions, infrastructure, and technological substrates that are _complicated_ but not _unknowable_. Join Patrick McKenzie (patio11) as he discusses how decisions, technology, culture, and incentives shape our finance, technology, government, and more, with the people who built (and build) those Complex Systems.

 

#71

Understanding perpetual futures

In this episode, Patrick McKenzie (patio11) walks through how perpetual futures work, from... more

11 Dec 2025

26 MINS

26:11

11 Dec 2025


#70

The economics of discovery, with Ben Reinhardt

In this episode, Patrick McKenzie (patio11) is joined by Ben Reinhardt, founder of Specula... more

04 Dec 2025

47 MINS

47:38

04 Dec 2025


#69

Understanding equity at tech companies, with Billy Gallagher of Prospect

Why do billions of dollars of stock trade hands based on napkin math and vibes? Billy Gall... more

20 Nov 2025

1 HR 20 MINS

1:20:01

20 Nov 2025


#68

The $4,000 insurance policy designed to never pay out

Patrick McKenzie (patio11) reads his essay on title insurance, a service designed to never... more

13 Nov 2025

28 MINS

28:31

13 Nov 2025


#67

How deposit insurance actually works

Patrick McKenzie (patio11) reads his Bits about Money essay on deposit insurance, explaini... more

06 Nov 2025

33 MINS

33:06

06 Nov 2025


#66

Home improvement lending with fewer bankers and more computers

In this episode, Patrick McKenzie reads his essay about the financial infrastructure that ... more

30 Oct 2025

30 MINS

30:05

30 Oct 2025


#65

Talking to the Bank of England about systemic risk and systems engineering

Patrick McKenzie (@patio11) shares his remarks to the Bank of England on critical vulnerab... more

23 Oct 2025

1 HR 32 MINS

1:32:54

23 Oct 2025


#64

Narrative, mastery, and character bleed in games, with Ricki Heicklen

Patrick McKenzie (patio11) is joined again by Ricki Heicklen to discuss Metagame 2025, a c... more

16 Oct 2025

1 HR 32 MINS

1:32:37

16 Oct 2025


#63

Bits and bricks: Oliver Habryka on LessWrong, LightHaven, and community infrastructure

Patrick McKenzie (patio11) is joined by Oliver Habryka, who runs Lightcone Infrastructure—... more

09 Oct 2025

1 HR 16 MINS

1:16:01

09 Oct 2025


#62

Building institutions that bend towards truth, with Clara Collier of Asterisk Magazine

Patrick McKenzie is joined by Clara Collier, editor and publisher of Asterisk Magazine, to... more

02 Oct 2025

1 HR 13 MINS

1:13:27

02 Oct 2025


#61

How blogging went legit, with Substack CEO Chris Best

Patrick McKenzie is joined by Chris Best, CEO of Substack, to discuss how the platform cre... more

25 Sep 2025

48 MINS

48:07

25 Sep 2025