Monoids in the Category of...

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The unfortunate meme phrase “a monad is just a monoid in the category of endofunctors, what’s the problem?” comes from two sources: The fact and most of the phrasing comes from Mac Lane’s Categories for the Working Mathematician, but “What’s the problem?” is a cheeky addition from a funny 2009 blog post: A Brief, Incomplete, and Mostly Wrong...