Pragmatic Capitalism
(https://pragcap.com) 📸 Data Snapshot: June 19, 2026
Semantic Coherence — The Lens
Pull the main entities out of the H1, then check whether they actually recur through the body. A page that announces one thing and then talks about another drifts. Headings with no real sentences underneath read as pseudo-substance.
Semantic Coherence
Homepage promise vs. Sub-page reality.
19
Impact Weight: 20 / 100
95% Reputation
No significant semantic drift is detected between the homepage and sub-pages. The homepage signal as a source of pragmatic investment research is consistently supported by the author archives and category pages which deliver deep-dives into MMT and portfolio construction. The transition from the Pragmatic Capitalism blog to the Discipline Funds advisory firm is articulated clearly without the contradictory messaging typical of high-BS financial sites.
Semantic Coherence is read from the heading hierarchy first: what each page announces in its H1 and headings, then whether the body actually delivers on it. Below is the structure the engine mapped, followed by the clean text to check for drift between promise and reality.
🏗️ Semantic Structure — heading hierarchy & page identity (the promise the page makes)
HOMEPAGE Blog – Pragmatic Capitalism (https://pragcap.com)
Title
Blog – Pragmatic Capitalism
H2 Introducing the Discipline Fund ETF
H2 Understanding the Modern Monetary System – Updated!
H2 We’re Moving!
H2 The Investor’s Podcast: ESG Investing, The Death of 60/40 and More
H2 The Economics of a United States Divorce
H2 I am Not a Dog Person Anymore
H2 FAQ Answers – Part 2
H2 Three Things I Think I Think – Bankrupt Ideologies
H2 FAQ Answers – Part 1
H2 Ask Me Anything (Comments Open!)
H2 Posts navigation
H2 Three Minute Macro
H2 Follow Us on Social Media
H2 Buy Pragmatic Capitalism the book
H4 Pragmatic Capitalism
H5 Cullen Roche – 09/21/202102/08/2023
H5 Cullen Roche – 06/29/202306/29/2023
H5 Cullen Roche – 02/27/202302/27/2023
H5 Cullen Roche – 02/13/202302/13/2023
H5 Cullen Roche – 02/10/202306/29/2023
H5 Cullen Roche – 02/07/202302/07/2023
H5 Cullen Roche – 01/31/202301/31/2023
H5 Cullen Roche – 01/24/202301/24/2023
H5 Cullen Roche – 01/20/202301/20/2023
H5 Cullen Roche – 01/13/202301/18/2023
HEADER_HEADING_REPEATED Cullen Roche – Pragmatic Capitalism (https://pragcap.com/author/cullen-roche/)
Title
Cullen Roche – Pragmatic Capitalism
H2 Understanding the Modern Monetary System – Updated!
H2 We’re Moving!
H2 The Investor’s Podcast: ESG Investing, The Death of 60/40 and More
H2 The Economics of a United States Divorce
H2 I am Not a Dog Person Anymore
H2 FAQ Answers – Part 2
H2 Three Things I Think I Think – Bankrupt Ideologies
H2 FAQ Answers – Part 1
H2 Ask Me Anything (Comments Open!)
H2 Posts navigation
H3 Cullen Roche
H4 Pragmatic Capitalism
H5 Cullen Roche – 06/29/202306/29/2023
H5 Cullen Roche – 02/27/202302/27/2023
H5 Cullen Roche – 02/13/202302/13/2023
H5 Cullen Roche – 02/10/202306/29/2023
H5 Cullen Roche – 02/07/202302/07/2023
H5 Cullen Roche – 01/31/202301/31/2023
H5 Cullen Roche – 01/24/202301/24/2023
H5 Cullen Roche – 01/20/202301/20/2023
H5 Cullen Roche – 01/13/202301/18/2023
H5 Administrator
HEADING_REPEATED_BODY Most Recent Stories – Pragmatic Capitalism (https://pragcap.com/category/mrs/)
Title
Most Recent Stories – Pragmatic Capitalism
H2 Category: Most Recent Stories
H2 Understanding the Modern Monetary System – Updated!
H2 We’re Moving!
H2 The Investor’s Podcast: ESG Investing, The Death of 60/40 and More
H2 The Economics of a United States Divorce
H2 I am Not a Dog Person Anymore
H2 FAQ Answers – Part 2
H2 Three Things I Think I Think – Bankrupt Ideologies
H2 FAQ Answers – Part 1
H2 Ask Me Anything (Comments Open!)
H2 Posts navigation
H2 Three Minute Macro
H2 Follow Us on Social Media
H2 Buy Pragmatic Capitalism the book
H4 Pragmatic Capitalism
H5 Cullen Roche – 06/29/202306/29/2023
H5 Cullen Roche – 02/27/202302/27/2023
H5 Cullen Roche – 02/13/202302/13/2023
H5 Cullen Roche – 02/10/202306/29/2023
H5 Cullen Roche – 02/07/202302/07/2023
H5 Cullen Roche – 01/31/202301/31/2023
H5 Cullen Roche – 01/24/202301/24/2023
H5 Cullen Roche – 01/20/202301/20/2023
H5 Cullen Roche – 01/13/202301/18/2023
HEADER_HEADING_REPEATED_BODY Understanding the Modern Monetary System – Updated! – Pragmatic Capitalism (https://pragcap.com/understanding-the-modern-monetary-system-updated/)
Title
Understanding the Modern Monetary System – Updated! – Pragmatic Capitalism
H1 Understanding the Modern Monetary System – Updated!
H2 Post navigation
H2 Three Minute Macro
H2 Follow Us on Social Media
H2 Buy Pragmatic Capitalism the book
H4 Pragmatic Capitalism
H5 Cullen Roche – 06/29/202306/29/2023
📝 The Narrative — clean text per page (homepage promise vs. sub-page reality)
HOMEPAGE (https://pragcap.com) Blog – Pragmatic Capitalism
Discipline Funds I am thrilled to announce the first day of trading of the Discipline Fund ETF on the New York Stock Exchange under the ticker DSCF. Discipline Funds is a new [ … ] Most Recent Stories It’s been over 10 years since I published Understanding the Modern Monetary System, one of the most widely read papers in the SSRN research database. I published this paper because [ … ] Most Recent Stories Thanks to everyone who has read Pragmatic Capitalism for the last 15 years. I’ve loved writing this blog, but we need to consolidate our financial content going forward. It’s become [ … ] Most Recent Stories I joined The Investor’s Podcast again this week to discuss a wide range of topics. The YouTube chapters in the interview are linked below and you can listen to the [ … ] Most Recent Stories Congresswoman Marjorie Taylor Greene got a lot of attention over the weekend when she stated that the USA needs a “national divorce”: I try to remain as objective as possible [ … ] Life & Stuff When I was 10 years old I read the classic “Where the Red Fern Grows”. It’s a book about a young boy who adopts two dogs who eventually get into [ … ] Most Recent Stories Here’s the second batch of answers from the Ask Me Anything. If you missed part 1 you can catch it here. Topics include Bitcoin, ESG investing, the debt ceiling, the death [ … ] Most Recent Stories 1) The Competition for Worst Ideology is Heating Up There’s a battle of bad ideologies going on around the debt ceiling debate. Unfortunately, this is a microcosm of what has [ … ] Most Recent Stories Here’s the first batch of answers from the Ask Me Anything. We covered a lot of ground in here including my view on factor investing, the FIRE movement, asset allocation [ … ] Most Recent Stories We are going to do a new 3 Minute Macro “Ask Me Anything” edition. It should be out next week or so. Please use the comments below to ask me [ … ]
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SUB-PAGE (https://pragcap.com/author/cullen-roche/) Cullen Roche – Pragmatic Capitalism
Most Recent Stories It’s been over 10 years since I published Understanding the Modern Monetary System, one of the most widely read papers in the SSRN research database. I published this paper because [ … ] Most Recent Stories Thanks to everyone who has read Pragmatic Capitalism for the last 15 years. I’ve loved writing this blog, but we need to consolidate our financial content going forward. It’s become [ … ] Most Recent Stories I joined The Investor’s Podcast again this week to discuss a wide range of topics. The YouTube chapters in the interview are linked below and you can listen to the [ … ] Most Recent Stories Congresswoman Marjorie Taylor Greene got a lot of attention over the weekend when she stated that the USA needs a “national divorce”: I try to remain as objective as possible [ … ] Life & Stuff When I was 10 years old I read the classic “Where the Red Fern Grows”. It’s a book about a young boy who adopts two dogs who eventually get into [ … ] Most Recent Stories Here’s the second batch of answers from the Ask Me Anything. If you missed part 1 you can catch it here. Topics include Bitcoin, ESG investing, the debt ceiling, the death [ … ] Most Recent Stories 1) The Competition for Worst Ideology is Heating Up There’s a battle of bad ideologies going on around the debt ceiling debate. Unfortunately, this is a microcosm of what has [ … ] Most Recent Stories Here’s the first batch of answers from the Ask Me Anything. We covered a lot of ground in here including my view on factor investing, the FIRE movement, asset allocation [ … ] Most Recent Stories We are going to do a new 3 Minute Macro “Ask Me Anything” edition. It should be out next week or so. Please use the comments below to ask me [ … ]
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SUB-PAGE (https://pragcap.com/category/mrs/) Most Recent Stories – Pragmatic Capitalism
Most Recent Stories It’s been over 10 years since I published Understanding the Modern Monetary System, one of the most widely read papers in the SSRN research database. I published this paper because [ … ] Most Recent Stories Thanks to everyone who has read Pragmatic Capitalism for the last 15 years. I’ve loved writing this blog, but we need to consolidate our financial content going forward. It’s become [ … ] Most Recent Stories I joined The Investor’s Podcast again this week to discuss a wide range of topics. The YouTube chapters in the interview are linked below and you can listen to the [ … ] Most Recent Stories Congresswoman Marjorie Taylor Greene got a lot of attention over the weekend when she stated that the USA needs a “national divorce”: I try to remain as objective as possible [ … ] Life & Stuff When I was 10 years old I read the classic “Where the Red Fern Grows”. It’s a book about a young boy who adopts two dogs who eventually get into [ … ] Most Recent Stories Here’s the second batch of answers from the Ask Me Anything. If you missed part 1 you can catch it here. Topics include Bitcoin, ESG investing, the debt ceiling, the death [ … ] Most Recent Stories 1) The Competition for Worst Ideology is Heating Up There’s a battle of bad ideologies going on around the debt ceiling debate. Unfortunately, this is a microcosm of what has [ … ] Most Recent Stories Here’s the first batch of answers from the Ask Me Anything. We covered a lot of ground in here including my view on factor investing, the FIRE movement, asset allocation [ … ] Most Recent Stories We are going to do a new 3 Minute Macro “Ask Me Anything” edition. It should be out next week or so. Please use the comments below to ask me [ … ]
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SUB-PAGE (https://pragcap.com/understanding-the-modern-monetary-system-updated/) Understanding the Modern Monetary System – Updated! – Pragmatic Capitalism
Most Recent Stories It’s been over 10 years since I published Understanding the Modern Monetary System, one of the most widely read papers in the SSRN research database. I published this paper because I was having trouble finding a succinct but thorough explanation of money and macroeconomics during the financial crisis. Further, many of the mainstream explanations of concepts like QE, banking, inflation and money appeared outdated at best and wrong at worst. Since then most of the concepts in this paper have been adopted by the mainstream or updated to account for the concepts. I am extremely proud of how well this paper has held up over time, but it needed some updating. We’ve added sections on inflation, monetary policy, cryptocurrency and much more. It’s cleaner, even more succinct, less narrative and more empirically driven. I hope you learn a lot from it. Link: Understanding the Modern Monetary System [IMG: Cullen Roche] Cullen RocheMr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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Analysis Disclosure & Source Attribution
This page presents a snapshot of public data from Pragmatic Capitalism, captured on June 19, 2026, to show how machine logic reads Semantic Coherence signals into an AI reputation evaluation.
Purpose: This data is presented under “Fair Use” for the purpose of independent signal analysis, allowing readers to see the raw signals behind the reputation score.
Notice to Pragmatic Capitalism: This analysis is part of a non-adversarial audit conducted by 1 Euro SEO. The results are intended as professional feedback to help improve any website’s machine-readability and authority signals. The evaluation is free, and any company can request a fresh audit at any time.
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