
It’s an unusually mild winter in Reykjavík, or so I’m told. This week brought the first snow of the new year that actually stuck around, blanketing Mt. Esja and whipping in the wind. Mostly, that’s meant more inside time, more busing instead of walking, and some February cabin fever. But today was the kind of bright winter day that I like — blue sky, calm breeze, snow but not ice, and temperatures just below freezing.
I took the opportunity to visit the Ásmundarsafn location of the The Reykjavík Art Museum, which has three venues, with this being the one I hadn’t visited yet. It’s dedicated to the sculpture of Ásmundur Sveinsson, who designed and built the building, which served as his home and studio. His sculpture is installed in various spots around town, but it was interesting to see in its full variety, and the space itself is quite unique. More photos on Instagram.

Since early January, the artist Finnur Arnar Arnarson has been living in a tent inside the museum, while he paints the inside of building’s dome. His tent sits incongruously in an sunlit atrium, on a platform of rough pallets, with the growing detritus of his stay collecting around it. Visitors are able to ascend into the dome where he’s painting, although there’s barely room to move around his scaffolding and supplies. It all comes together as a kind of work-in-progress performance piece. It’s not clear to me if his painting will be permanent, or if the dome acts as a canvas for other artists over time.

I want to recommend a book I recently finished called Underground Empire: How America Weaponized the World Economy by Henry Farrell and Abraham Newman. It’s about how America wields power over countries through non-military means, primarily focused on dollar dominance and Internet infrastructure. After Russia’s full-scale invasion of Ukraine, four years ago, I was fascinated by some of the unprecedented moves to sanction the country, such as banning them from SWIFT, the international financial transaction processing system. At the time, I wanted to learn more about the history of sanctions and picked up The Economic Weapon: The Rise of Sanctions as a Tool of Modern War, but its historical focus on the interwar period was too far removed for me.
In contrast, Underground Empire is much more up-to-date, and looks at not only sanctions but other less official ways the US has used financial and technological chokepoints to coerce actors to go their way. For example: the successful push to get other countries to stop doing business with the Chinese technology company Huawei. The book brings together multiple interest areas of mine — international relations, financial networks, the Internet — and weaves a cohesive story across all presidential administrations in the post-9/11 era.
Some of the stories and history the authors draw upon were familiar to me, but it’s one of those rare books that succeeds in filling my knowledge gaps. I came away with a better understanding of OFAC, as well as clarity on how the Eurodollar works and why it would be hard for another country to unseat the US dollar as the global reserve currency. I also have a fuller picture of the extent to which US digital infrastructure dominance should scare other countries, and why nations around the world should be moving to establish digital sovereignty.
The book came out in 2023, so the authors didn’t know there would be a second Trump presidency. Even if they had contemplated it, it’s unlikely they would have guessed that by March 2026 he would have so thoroughly damaged the global world order. In many ways, the book is a cautionary tale of how America got addicted to abusing its power of economic and technical coercion. Trump, of course, has no restraint and will maximally leverage these advantages through any means possible. For the last 25 years the world has been on a leash that the US could yank whenever it wanted, but wriggling out of that collar seemed too hard and too costly. Today, with Trump holding it taut to their neck, I think the calculus is shifting.
Noted & Done
- Nerdy thing 1: old Nokia ring tones were actually morse code for “S-M-S“.
- Nerdy thing 2: the HTTP status code for a request that can not be completed for legal reasons, such as government censorship, is HTTP 451. Named after Fahrenheit 451.
- I finally got around to reading Sam Levine and Stephanie Nguyen’s report about the exploitative surveillance practices of loyalty programs. Really smart analysis.
- If you, like me, refuse to upgrade to Mac OS Tahoe, then you might be interested in this device management profile to turn off upgrade reminders.
- Also — if you, like me, need to regularly split or combine PDF files and don’t pay for Acrobat, you should know about the free version of PDFsam.




































































