Editorial Hello:
Apologies. It’s been a while. I’ve been AWOL as I had the opportunity to hang out with smart, stablecoin-minded people like Brent Johnson while touring Jekyll Island, Georgia, USA. How could I say no?
I recommend the tour if anyone is in the area. I did not appreciate, until I went there, that Jekyll Island — where a bunch of banking elites famously got together in 1910 to hatch the plan to create the Federal Reserve — was a private members’ club that just happened to be based on the island. I always thought it was a hotel.
On the contrary, when Nelson Aldrich, Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg arrived there to plot the details of the so-called Aldrich plan in the aftermath of the 1907 panic, it functioned mostly as the private winter residence of a handful of influential and rich American families, among them JP Morgan.
In other news, I’ve tweaked the calendar so it’s now far more comprehensive. Do check it out.
