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A more pessimistic prediction is that the current True Fan revolution will eventually go the way of the original Web 2.0 revolution, with creators increasingly ground in the gears of monetization. The Substack of today makes it easy for a writer to charge fans for a newsletter. The Substack of tomorrow might move toward a flat-fee subscription... See more

MIT/Google could offer a two-year degree in STEM. The myth/magic of campuses and geography is no longer a constraining factor — most programs will be hybrid soon, dramatically increasing enrollments among the best brands. MIT/Google could enroll 100,000 kids at $100,000 in tuition (a bargain), yielding $5 billion a year (two-year program) that... See more

Back to your rushed commute, then. In this case it's clear that the speed of your car is constrained by traffic and speed limits. It's also clear that driving a car does not actually require that much effort. Whether you're late for work or not, the energy required to turn a steering wheel or change gear is the same.

I believe everybody can be wealthy. It's not a zero-sum game. It is a positive-sum game.

Unfortunately, today, the pediatric needs of the Medicaid population have been largely left behind.

One question Royal raises is what happens if every song has its own stans who benefit financially the more it is played.

Yet, despite this new source of e-commerce demand, restaurants have struggled to keep up. The dominant reason is that restaurant demand is inherently “peaky.” It’s even more peaky now that delivery and pick up are turning restaurants into omni-channel retailers. Restaurants have fixed labor costs that do not scale up or down with volatile demand... See more