
Co-Founder @mercury; check it out at https://xitter.cf/t.co/veN8OZrnPD 🐀
New York City
Joined July 2012
- Tweets1.9K
- Following265
- Followers1.7K
- Likes24.7K
Max Tagher retweeted
Finally @mercury has launched physical checkbooks. This was one of the last things requiring me to have a local bank... so when that kid walked into the shop asking for a yearbook advertisement, I could pay him. Seems crazy, but yes in 2026. Thank you @MaxTagher and team.
Max Tagher retweeted
What an amazing way to visualize early human migration. Lovely map by @HarvardCGA. A great colour scheme and an appropriate map projection! Source: buff.ly/3lbxonJ
Max Tagher retweeted
This site can be very negative so let me say today that @KelseyTuoc is awesome. Rational , reasonable, and wise while also being benevolent and gracious. An excellent writer. Bravo.
Max Tagher retweeted
Something insane and wonderful has happened to me.
I have no idea how to cleverly lead into this story but here is the headline: I came across a random account on this very website some two months ago, we are now engaged to be married, I have never been happier in my life
Max Tagher retweeted
Been using Mercury Personal for almost two years now, highly recommend it
By far the best banking UX there is, worth switching just for that alone, but the high yield savings account is also best in class
xitter.cf/mercury/status/1999124…
Max Tagher retweeted
i cannot emphasize enough how valuable it is to send someone a URL that brings them to this
Max Tagher retweeted
The slowly-unfolding premise of the Good Place is that everyone is damned. They are damned because they participate in the modern world; they buy from sweatshops, they eat chocolate, they fly in airplanes while the poorest people in the world see their harvests fail thanks to climate change. It's much easier to earn demerits than merits. No one has gone to the Good Place in a very long time.
My post about why I think cheap goods make peoples' lives better attracted a lot of discussion of what I should do instead of buy inexpensive things. You can roll dice on your phone, one person said; you don't need to buy them. (Someone objected that phones were expensive, and the first person said that you could finance them.) Another explained to me that I should really be sewing my five year old's Viking tunics myself. Surely my family of 10 can borrow enough camping gear from friends? Have I joined my local buy-nothing group?
I don't own a car. The six adults who live in my house in total own one, and it's electric. I walk to work, and to the grocery store, and to the microschool, and to almost everywhere else. From an environmental perspective this matters a whole lot more than purchasing a five dollar set of dice, but I did not choose to write the post with a defensive accounting of all of the ways in which I've chosen a low-environmental-footprint modern life in order to earn the internet's approval for my dice.
The thing I'm trying to say is not that by sufficient virtue you can beg the luxury of owning a set of real dice, or that if you walk to the grocery store then you have a good enough excuse not to hand-sew your kids' halloween costumes. I am in my local buy-nothing group, but I do not think it's okay that I bought wallpaper only because I did scour the buy-nothing group first.
The thing I'm trying to say is that I do not agree with the Good Place that we are all damned; I am not pleading that I meet the standard but objecting to it.
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People are really bad at grappling with moral obligations that are large, diffuse, and unbounded. Lots of people reject them entirely - why should that be my problem? Why shouldn't it be someone else's problem, who isn't me? (The answer is that we're not negotiating whether you are damned, we're just determining what happens in the real world where things either happen or don't; things will only get better if you fix them, and you have to decide whether you want to, not whether you have an airtight argument that it isn't your job to.)
No one has a satisfactory answer to this, of course, but I think the Good Place captured one implicit answer offered in modern liberal society, and I think it's a dumb one, and I don't think it's doing us any favors. It's a thesis of abnegation: don't do harmful things. It barely admits the existence of helpful things. Most of why we have escaped from under the threat of the worst climate impacts is better green energy; most of the places that will suffer the most will suffer the most because they are very poor. Those things matter a lot, yet far more energy is expended on things that matter very very little.
My own thesis is that you should make things better where it is cheap, and not try to do so where it is extraordinarily costly. You should save lives where it's cost-effective. You should demand more humane policy when your politicians might listen. You should invent better batteries and better solar panels. Almost everything that you do that matters will be located in where you actively make things better, not in your purchasing decisions.
(I'm writing here about the environmental angle, not about the labor-conditions angle, which I also think is very important but which I approach differently; I'll write about that later.)
But surely every little bit still helps, right? Well, kind of, but some things are bad bargains; they are a little bit of improvement purchased at fairly extraordinary costs to you. You are a limited resource, and should not spend yourself down for the most minimal of gains.
And a movement that demands that you do so will be recognized by lots of people as unhealthy and destructive; they will move away from it. Christians often recommend that you preach the word of God by living the word of God, by having a life so abundant with meaning and joy that people start wondering what your secret is.
I think this is good tactical advice, and I don't think it is only good because it's good tactical advice. Human flourishing is good. Peoples' lives should be rich and joyous and abundant. The reason that your movement will be more compelling if it embraces joy and flourishing and abundance is that those are objectively good things and people are correct to be on the lookout for them.
And so the defense of my dice purchases and my not hand-sewing my kids' Halloween costumes is not that I walked four miles with the baby on errands today (though I did) or that I donate tens of thousands of dollars every year to trying to build a safer richer better world (though I do) or that we have solar panels on the roof (though we do).
It's that rolling real physical dice is good, and forgoing the dice does not buy anything of comparable value. It is that joy and meaning belong on the scales, and not only are you not required to sacrifice them on the alter of fixing the world, but sacrificing them isn't even a very good way to fix the world.
Enjoy the good things, enjoy them without guilt, enjoy them with the conviction that everyone should have them. Figure out where a better world is cheaply purchased, and purchase it there. Don't lose sight of how much is at stake, but keep in mind that making your life worse to purchase very little benefit to the world is also a way of losing sight of what is at stake. We're not damned. We just have a big to-do list.
Max Tagher retweeted
This is a very fun read!
You can see Mercury striking a very careful balance between security and UX:
- To prevent phishing, they added extra checks for users with password/OTP. But users with WebAuthn are not at risk, so they disabeld the checks for them to prevent unnecessary friction
- They started prompting Windows users to use WebAuthn. But the adoption rate was so low that they decided to stop as to annoy the users with something they wouldn't use anywhere
- They measured the overall friction of these checks on their user base and concluded it was low and worth it
Security teams can think like product teams and Mercury's is a great example
A wild thing about Google Ads: hackers can run an ad showing your domain, but it actually leads to a phishing site. @Mercury got hit by this 3 years ago—but within a week, we launched a device verification system to stop it. I wrote up the story for our eng blog (link below)
Max Tagher retweeted

Dwarkesh Patel@dwarkesh_sp21 Jan 2025
United States
United StatesConnected via WebAccount-level information, not a live location or per-post device.
Curtis Yarvin is mistaken when he says that Apple can produce iPhones because it's a monarchy. There are millions of firms ("monarchies") in the world that can't produce anything nearly as impressive as iPhones, from the laundromat down the street to Boeing.
Apple is the result of a decades long evolutionary process facilitated by the market which uplifts the very best culture, talent, processes, and ideas in the entire world. And the moment Apple slips, it'll get replaced (the average lifespan of a Fortune 500 is 15 years).
Governments just don't work this way. Xi Jinping isn't competing again a million counterfactual Chinese leaders who didn't do Zero-COVID, avoided deflation, didn't kill the tech industry, and were awake to AGI. He can fuck up as much as he wants.
If a monarch happens to be competent, like Lee Kuan Yew, it's merely by chance, not due to some intrinsic selection mechanism of monarchy that we can replicate. You are just as likely to get brutal dictators like Mao and Stalin by chance - this is not a reasonable gamble to take with the lives of hundreds of millions of citizens.
Apple is indeed a wonderfully competent organization - if we want more of the world to be run competently, we should delegate more functions to the market, which is constantly and ruthlessly sizing down incompetence.
To be clear, ton of incompetent businesses exist, but they loose access to capital, talent, and power rapidly, which is reallocated to those who can deliver. They don't drag down the fortunes of entire countries and kill millions of people, which has happened again and again in authoritarian systems.
Max Tagher retweeted
I've been using Mercury Personal for 6 months now and can't sing its praises enough
It's so nice to use software written by people who actually care about quality, and the banking functionality itself is unmatched
xitter.cf/MaxTagher/status/17806…
Releasing @mercury for personal use today!
The product is almost exactly what we offer for businesses, and the whole product can be tried at demo.mercury.com?orgKind=per…
(This is a paid product but nets to free if you keep $5000 in your savings account, at current rates)
Max Tagher retweeted
Our today's guest on the Functional Futures podcast is @MaxTagher, the co-founder and CTO of @mercury 💰
Read: serokell.io/blog/haskell-mer…
Watch: youtu.be/NgI5OgfERU0?si=1we0…
Listen: open.spotify.com/episode/0ba…
Max Tagher retweeted
I've been quietly working on something for a while, so I'm excited to finally be able to share it with you...
We are creating a new town called Esmeralda!
Our team has an exclusive option on a beautiful piece of land 90 mins north of SF, in California wine country
Max Tagher retweeted
We’re excited to introduce ghciwatch 1.0, a tool designed to help developers monitor and manage GHCi sessions more efficiently.
Ghciwatch is very similar in design to Neil Mitchell’s excellent ghcid, but with a few new tricks up its sleeve👇
Max Tagher retweeted
When writing applications, dbs are more important than the code that uses them. But we don't pay nearly enough attention to them (docs, tests, etc).
In this post, Max explains how to document a database, which I've never seen well-done in the wild.
I wrote a blog post on how to document a database schema, based on my experience @mercury
mercury.com/blog/documenting…
Quality schema docs are a great investment for an engineering team—database tables are probably the core data structures of your app, and the docs enable data science and product to query the DB without help from Eng
Max Tagher retweeted
A while back, I was talking with a friend who'd moved to the US a few years prior
At some point, I said something like "we Americans..." and he froze with shock. He asked, "Wait, do you think of me as American?" Without much thought, I said "Of course!"
He paused for a while and then said, "Wow. Back home no one would ever refer to a recent immigrant that way. Heck, they wouldn't refer to any immigrant that way, even if they'd lived there for decades"
While the US has a lot of problems (many of which are our own making), this moment made me swell with joy and pride for this special place
Happy birthday, America. I'm so proud to be the citizen of a country where, if you choose to build your life here and contribute to your community, you can become an American too 🇺🇸
Max Tagher retweeted
There’s a lot of interest in the Supreme Court’s Loper decision—and more than a few hot takes out there.
I wanted to offer some thoughts on it as someone who has litigated Chevron cases in private practice and served as the General Counsel and now Commissioner of an agency.
I’ve been on the winning side of cases where I think Chevron made the difference, been on the losing side of some of those same types of cases, and participated in many where I think the outcome would have been the same both before and after Loper.
But there’s no question that Chevron operated as a heavy thumb on the scale in favor of administrative agencies—regardless of whether those agencies were adopting new regulatory requirements or eliminating existing ones.
Though I think it would be fair to say that the lion’s share of Chevron cases involved challenges to agency decisions that imposed new regulatory requirements on private citizens or businesses.
One threshold point that I think some of the hot takes have missed. Even before this week’s decision in Loper, Chevron did not apply to the most significant agency decisions—namely, those that involve questions of major economic and political significance.
The major questions doctrine applied in those case, not Chevron. And the major questions doctrine does not require (indeed, it does not allow) courts to defer to agencies the way Chevron did. Rather, it requires agencies to have a clear congressional authorization to regulate in the manner at issue.
So Loper did not end the application of Chevron deference to agencies in cases that involve major economic and political significance. Courts were already prohibited by the major questions doctrine from applying Chevron deference in those cases.
Turning to Loper itself, the Supreme Court’s decision focused, in my view, on two core concerns with Chevron.
1. The Chevron doctrine rested on a fiction. It required courts to read certain provisions in laws passed by Congress—namely, provisions that were either silent or ambiguous as to a particular issue—as if those statutory provisions were something other than silent or ambiguous. Specifically, Chevron created a rule that required courts to treat those silent or ambiguous provisions of law as decisions by Congress to delegate discretionary authority to an administrative agency—regardless of whether the statute itself contained evidence indicating that Congress intended to provide the agency with that power.
That is not how courts normally read a vague or ambiguous provision of law. Outside the context of administrative law cases governed by Chevron, courts do not take vague and ambiguous statutory provisions and read them as delegations of power. Instead, courts apply traditional tools of statutory interpretation to identify the best reading or meaning of them. Maybe they mean that Congress delegated something, maybe not. Maybe they resolve the relevant question, maybe they have no application to the case at all.
So Loper ends this Chevron fiction. Loper says that courts in administrative law cases must now treat those silent or ambiguous provisions of law the same way courts treat other silent or ambiguous provisions of law passed by Congress. Going forward, then, courts must use ordinary tools of statutory interpretation to identify the best reading of those provisions. Applying those tools of statutory interpretation to silent or ambiguous provisions of law is something that falls within a judge’s expertise.
None of this means that Congress cannot delegate certain matters to agencies. Indeed, Loper says that Congress can still provide agencies with discretionary authority. But Congress must do so through statutory provisions or language where the best reading of the statute, applying traditional tools of statutory interpretation, is that Congress delegated discretionary authority to the agency, subject to ordinary constitutional constraints. Silence or ambiguity alone no longer requires a court to conclude that Congress delegated authority to an agency.
This is why many commentators view Loper as reinforcing the Framer’s decision in the Constitution to vest the legislative or law making power in the people’s representatives in Congress. Loper makes it less likely that courts will find that Congress leaked law making power to administrative agencies without Congress even knowing it. And even less likely that courts will uphold administrative agency decisions that effectively take legislative power from the Article I Branch that Congress never delegated.
2. I think the second problem that the Loper court had with Chevron is that Chevron required courts to adopt permissible readings of statutes, rather than the best reading. In those cases where Chevron courts determined that Congress delegated authority to an agency, the doctrine required courts to agree with an agency’s interpretation of law—even in cases where courts would have concluded, using ordinary tools of statutory interpretation, that the agency’s interpretation was not the best reading—provided that the agency’s reading was permissible.
Again, this is not the way courts approach questions of statutory law outside the context of administrative law. As relevant here, courts approach those questions by adopting the best reading of the law.
Commentators have noted that Chevron questions would arise in litigation between two parties—a private person or company on the one hand and a government agency on the other. In contexts other than administrative law, Chevron did not require a court to accept the permissible reading of a statute when offered by one party in the litigation (the government) even though the other party (the private citizen or business) offered a reading that the court considered to be the best reading of the law.
But Loper does not mean that an agency’s interpretation of a law it administers is irrelevant when it comes to administrative law cases. Loper makes clear that a court may agree with an agency’s view that a statutory provision means X even in cases where a court, in the absence of the agency’s views, might have concluded that the statutory provision means Y. Going forward, an agency’s views are likely incorporated into the court’s analysis as part of the judiciary’s application of its traditional tools of statutory interpretation.
But again, even before Loper, Chevron did not apply to cases involving questions of major economic or political significance. The Court has required agencies to point to clear congressional authorizations in those cases, not mere silence or ambiguity. So Loper did not end Chevron’s application to the most significant set of agency decisions.
At bottom, agencies will still win significant cases after Loper, but the Supreme Court’s decision puts regular people and businesses on a more level playing field with the government when they challenge a regulatory overreach.
Max Tagher retweeted
We (@mercury) have a cool hack week feature in alpha where you can tag transactions and filter for tags.
This is different from accounting categorization. Things like #march_onsite or #launch_campaign.
Anyone want to try out the alpha?
Max Tagher retweeted
I’ve been using this for months and it’s unbelievable.
They nail ALL of the simple things.
Being able to manage my personal life in the same space as my business life is so much more efficient.
Magic. Glad everyone can sign up. I have 4 invite codes if anyone wants them.
Max Tagher retweeted
I've been a customer of Mercury Personal for 4 mos.
It's the best banking experience I've seen.
basics:
-5% APY
-$5M FDIC insurance
-Reimbursed ATM fees
-No wire fees
But the best part is what you can do with it from card creation to money movement.
More in the next tweet






















