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Correcting the Record on the Origin Story of Beowulf’s Trillion Dollar Coin — Lambert Strether

Summary:
I was motivated to write this post partly to [looks heavenward piously] correct the record, partly to defend the blogosphere’s importance, then and now, and partly to defend the honor of my own blogs, Naked Capitalism and (then) Corrente. I was also, quite frankly, shocked at New York Magazine’s sloppiness, and I hope any Google search brings up this post along with it.More importantly, however, dear members of the NC commentariat, Beowulf’s Coin began as a comment, and was nurtured by unpaid and obscure bloggers who believed in it, until it caught fire. Perhaps the same will happen for one of your comments! It really is possible, as I have shown! Beowulf’s comment sets a high baseline, however, do remember.Naked CapitalismCorrecting the Record on the Origin Story of Beowulf’s Trillion

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I was motivated to write this post partly to [looks heavenward piously] correct the record, partly to defend the blogosphere’s importance, then and now, and partly to defend the honor of my own blogs, Naked Capitalism and (then) Corrente. I was also, quite frankly, shocked at New York Magazine’s sloppiness, and I hope any Google search brings up this post along with it.

More importantly, however, dear members of the NC commentariat, Beowulf’s Coin began as a comment, and was nurtured by unpaid and obscure bloggers who believed in it, until it caught fire. Perhaps the same will happen for one of your comments! It really is possible, as I have shown! Beowulf’s comment sets a high baseline, however, do remember.

Naked Capitalism
Correcting the Record on the Origin Story of Beowulf’s Trillion Dollar Coin
Lambert Strether of Corrente
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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