economics

Content only survives and proliferates if creators are able to generate meaningful revenue. Feature films can justify their production costs because theaters can charge the price of admission. YouTubers can justify their production costs because of the ability to generate ad revenue. Content that cannot unlock monetization at scale cannot survive

Developed countries reached their peak of centralization back then. Franklin D. Roosevelt, at the height of his power, had over 70% of Congress in his party. Roosevelt and his party had a supermajority, and could pass almost anything they wanted, could stack the Supreme Court if they contested him, and had plenty of political power to suppress

The same thing occurred in the 2000s, when an oil shock in 2008 that made prices surge incentivized oil companies to innovate on drilling techniques, which brought American oil production to record highs. Would the innovation boom have occurred without the previous crisis?

speed truly is of the essence in the AI race—and few would deny that it is—natural gas is by far the best solution… Will natural gas be the bridging fuel that carries the AI boom along until a full nuclear renaissance can be realized? All the signs are there. At an exponential rate that would surely make Kurzweil smile, the molecule might flip

However, Trump plans to set up a presidential advisory committee called the Department of Government Efficiency to address that. It’s not going to be an actual department since that requires an act of Congress, but rather it’ll be an advisory group led by Elon Musk and Vivek Ramaswamy. The stated goals are to streamline the government, improve

Historian Michael Howard has said that war and welfare go hand in hand. Perhaps that’s because even the most financially prepared, the most risk averse, and those with the most foresight can be completely crushed by war.

a market collapse is nearly always implicit in the structure of the market itself.

The ECB were justified in panicking about the threat of deflation. An environment that is simultaneously debt laden and has falling prices will quick devolve into a crisis, as revenues and wages will struggle to cover interest payments on previously accumulated debt. Interest payments definitely do not fall in sympathy with prices therefore

The trends are faster in the case of weak commodity prices because the cycle will exhibit the same links, but in an accelerated manner. Producers, worried about covering their fixed costs, are incentivised to increase supply to try to get volume to overcome the price effect, further pressuring prices downward.

The theory I advance here is that