#federal-reserve — Wealth & Means

Episodes tagged #federal-reserve on Wealth & Means.

Owning Isn't the Same as Deciding — 2026-08-29
There's a question most of us never think to ask about the things we own, and it only becomes urgent at the worst possible moment. Not "is this mine?" — that part is usually settled, documented, filed somewhere. The harder question is whether being the owner means you get to decide. We tend to assume those arrive together. They don't. Possession and authority are two separate objects, and an enormous amount of modern economic life happens in the gap between them. Once you start looking for that gap, it turns up everywhere. It shows up in the person who holds a deed and still negotiates with an interest rate. In the producer who raises the animal but doesn't control the one building that makes it legal to sell. In the creator with a large audience and no standing to keep it. In the household that can finally generate its own power, on conditions written by someone else. The Greater Debate this week runs the same tension at national scale — two leaders arguing about housing who turn out not to be arguing about housing at all, but about who has standing to object to a plan and who speaks for people not yet born. And Let's Invent Again finds the purest version of the whole idea: a company that invented one of the most important display technologies of the last half-century, held the patents, and watched everyone else build the business. Ownership is a claim. Control is a relationship. The second one has to be maintained.

#federal-reserve — Wealth & Means

Episodes tagged #federal-reserve on Wealth & Means.

Owning Isn't the Same as Deciding — 2026-08-29
There's a question most of us never think to ask about the things we own, and it only becomes urgent at the worst possible moment. Not "is this mine?" — that part is usually settled, documented, filed somewhere. The harder question is whether being the owner means you get to decide. We tend to assume those arrive together. They don't. Possession and authority are two separate objects, and an enormous amount of modern economic life happens in the gap between them. Once you start looking for that gap, it turns up everywhere. It shows up in the person who holds a deed and still negotiates with an interest rate. In the producer who raises the animal but doesn't control the one building that makes it legal to sell. In the creator with a large audience and no standing to keep it. In the household that can finally generate its own power, on conditions written by someone else. The Greater Debate this week runs the same tension at national scale — two leaders arguing about housing who turn out not to be arguing about housing at all, but about who has standing to object to a plan and who speaks for people not yet born. And Let's Invent Again finds the purest version of the whole idea: a company that invented one of the most important display technologies of the last half-century, held the patents, and watched everyone else build the business. Ownership is a claim. Control is a relationship. The second one has to be maintained.